FinTechFunding

Corum Group: Completes PharmX acquisition

  • Software company Corum Group (COO) has now officially completed the acquisition of PharmX and the PharmX Unit Trust
  • Earlier this week, the company announced it was going to purchase the remaining 57 per cent interest in PharmX
  • Corum will pay nearly $8 million in cash for the company and paid around $4 million on Friday
  • The company is also undertaking an entitlement offer at 4.2 cents per share to raise around $5.6 million
  • Funds raised will be used to partly fund the purchase of PharmX, working capital and offer and transaction costs
  • On market close, Corum remains steady and is trading for five cents per share
Previous article
GlobalPlatform: Simplifies Secure User Authentication with Standardized API
Next article
GetSwift: Announces intention to re-domicile to North America
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

FinTech

Swedish Court Delays Judgment in Klarna’s Antitrust Case Against Google

The court's decision is crucial for Klarna's operations in the competitive market.Highlights: Swedish court delays decision on Klarna's...
FinTech

Morgan Stanley Launches Bitcoin ETF, Expanding Crypto Offerings

The investment firm broadens its reach into the cryptocurrency market.Highlights: Morgan Stanley launches a Bitcoin ETF to enhance...
FinTech

HSBC Strengthens Position with Hong Kong Stablecoin Issuer License

The banking giant aims to support digital asset initiatives in the region.Highlights: HSBC receives a stablecoin issuer license...
FinTech

US Treasury Secretary Warns Banks About Anthropic’s New AI Model

Treasury Secretary highlights risks AI poses to financial stability.Highlights: US Treasury Secretary warns banks about the risks of...