Medicines producer Biofarm Bucharest (stock symbol BIO) recorded a 24.4% advance in the share price in the last two days, shortly after the issuer informed the capital market that it wants to find strategic opportunities to support its development plans, taking into account organic investments, but also the identification of forms of strategic cooperation, among others. «Considering the scale of future development stages, as well as the fact that certain strategic objectives can be accelerated or optimized through an appropriate integration, the Board of Directors has decided to identify strategic opportunities for the company, which may include the continuation of independent development, organic investments, but also the identification of forms of strategic cooperation, integration or alignment with a strategic partner, as well as capitalization for the benefit of all shareholders,» a statement reads.
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