Corum Group Limited (AU:PHX) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
PharmX Technologies Ltd faces a financial setback as the Victorian Supreme Court orders a repayment of approximately $8.1 million to Fred IT Group, reversing a favorable previous judgment. Despite this, the company reassures stakeholders of its robust business model, financial prudence, and commitment to its commercial growth strategy. The Board remains confident in the company’s resilience and long-term goals, having anticipated such an outcome by creating a financial provision of $9.8 million.
For further insights into AU:PHX stock, check out TipRanks’ Stock Analysis page.