Trxade Group’s Strategic Merger and Rebranding as Scienture Holdings
Company Announcements

Trxade Group’s Strategic Merger and Rebranding as Scienture Holdings

Trxade Group (MEDS) has issued an announcement.

On July 25, 2024, TRxADE HEALTH, INC. finalized a merger with Scienture, Inc., wherein Scienture became a wholly owned subsidiary and subsequently merged with the Company’s subsidiaries, leading to a rebranding as Scienture Holdings, Inc. This strategic move aims to leverage Scienture’s expertise in pharmaceutical research and its portfolio of innovative products targeting unmet medical needs. Shareholders of Scienture received a mix of common and preferred shares in the newly formed entity, with the preferred shares set to convert under certain conditions, enhancing value and potential growth for investors.

For a thorough assessment of MEDS stock, go to TipRanks’ Stock Analysis page.

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