Hangzhou Tigermed Consulting Co., Ltd. Class H (HK:3347) has released an update.
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Hangzhou Tigermed Consulting Co. Ltd. has announced a further change in the use of the proceeds from its H Shares offering, which initially totaled HK$11,817.4 million after expenses. The company aims to allocate these funds towards expanding clinical trial services, acquiring complementary clinical CROs for global expansion, investing in biopharmaceutical R&D, developing advanced technologies, and for working capital and general corporate purposes. These strategic moves are designed to meet increasing demand and to foster growth in both domestic and international markets.
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