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The acquisition is a part of a debt alternate settlement between Mr. Siokas and Cosmos Well being, the place the shares had been exchanged for a debt of $30,000 owed to him by the corporate. InvestingPro subscribers can entry 8 further key insights about COSM’s monetary well being and market place. Following this transaction, Mr. Siokas holds a complete of 4,203,689 shares in Cosmos Well being.
The acquisition is a part of a debt alternate settlement between Mr. Siokas and Cosmos Well being, the place the shares had been exchanged for a debt of $30,000 owed to him by the corporate. InvestingPro subscribers can entry 8 further key insights about COSM’s monetary well being and market place. Following this transaction, Mr. Siokas holds a complete of 4,203,689 shares in Cosmos Well being.
In different current information, Cosmos Well being Inc. has reported a sequence of great developments. The healthcare firm has secured unique rights to 2 patented anticancer medicine, doubtlessly impacting most cancers remedy paradigms. Moreover, Cosmos Well being reported a web lack of $33.81 million, but additionally a 13.01% progress in income over the previous yr. The corporate has made efforts to scale back prices by 18.6%.
Cosmos Well being has additionally appointed Professor Dimitrios Trafalis as the brand new Head of Oncology at its Analysis and Improvement division. In a current shareholders assembly, key proposals, together with the election of administrators, issuance of shares, an fairness incentive plan, and the potential for reverse inventory splits, had been authorized by the bulk.
The corporate’s Q3 financials confirmed a slight lower in quarterly income to $12.41 million, however a big discount in prices. Cosmos Well being’s subsidiary, CosmoFarm, generated report revenues of roughly $43 million within the first ten months of 2024, marking an 8.62% enhance. Lastly, Cosmos Well being has obtained UK orders for its C-Scrub antimicrobial wash and initiated the event section for CCDL24, a novel remedy for gastrointestinal issues. These are the most recent developments in Cosmos Well being’s operations.
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