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OREXO AB SP/ADR - ORXOY STOCK NEWS

Welcome to our dedicated news page for OREXO AB SP/ADR (Ticker: ORXOY), a resource for investors and traders seeking the latest updates and insights on OREXO AB SP/ADR.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect OREXO AB SP/ADR's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of OREXO AB SP/ADR's position in the market.

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Orexo AB held its annual general meeting on April 26, 2024, where key decisions were made regarding the board of directors, auditor fees, nomination committee, financial statements, share issuance, share repurchase, and the adoption of long-term incentive programs. James Noble was elected as the chairman of the board, and Ernst & Young Aktiebolag was re-elected as the auditor. The meeting also approved the income statement and balance sheets for the financial year 2023, with no dividend declared for that year. The board was discharged from liability for the same year. Additionally, the board was authorized to issue new shares and repurchase and transfer existing shares, with specific limits and purposes outlined. Two long-term incentive programs, LTIP 2024 and LTIP Stay-on 2024, were adopted for selected employees within the Orexo group.

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Orexo AB extends patent protection for its nasal epinephrine powder product OX640 in the US, with a newly issued patent extending until November 2042. The company aims to strengthen its patent portfolio for OX640, enhancing long-term value and attracting potential partners for commercialization in the US market.
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Orexo AB announced the early redemption of its senior unsecured bonds with maturity in February 2025. The redemption will occur on April 11, 2024, after fulfilling the condition of settling new senior secured social bonds. Shareholders registered by April 4, 2024, will receive the redemption amount.
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Orexo's Annual and Sustainability Report for 2023 highlights the company's progress in opioid dependence treatment, financial performance recovery, and sustainability efforts. The NDA filing of OX124 for opioid overdose rescue and plans for EBITDA profitability in 2024 show promising developments. Orexo's commitment to sustainability is evident through support for UN Global Compact principles, social financing initiatives, and a new social bond issuance.
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Orexo AB (ORXOY) announces the details of the upcoming annual general meeting, including the proposed agenda, board member elections, fees, auditor re-election, and incentive programs. Shareholders are invited to participate and vote on key resolutions.
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Orexo AB (ORXOY) calls its shareholders to the annual general meeting on April 26, 2024, in Uppsala, Sweden. The agenda includes election of board members, approval of financial reports, and adoption of new incentive programs.
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Orexo AB successfully issues new senior secured callable floating rate social bonds, oversubscribed, to refinance existing bonds and fund acquisitions. Company confirms long-term financing and plans early redemption of remaining bonds.
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Orexo AB (ORXOY) establishes a social financing framework to issue social bonds and raise social loans for healthcare services, focusing on substance use disorders. The framework aligns with sustainability goals, aiming for positive social impacts and universal health coverage.
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Orexo AB plans to issue new senior secured callable floating rate social bonds worth SEK 500,000,000. The company aims to refinance existing bonds and finance acquisitions or investments. Orexo also announced a Tender Offer for existing bondholders at 100.750% of the nominal amount plus interest. The Tender Offer expires on March 14, 2024, subject to the successful issue of the New Social Bonds.
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Orexo and Sobi announced the advancement of their collaboration following a successful exploratory feasibility study with Orexo's AmorphOX drug delivery platform. The study confirmed the biomolecule's activity retention after formulation with AmorphOX. Orexo has patent applications for AmorphOX formulations related to biomolecules.
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OREXO AB SP/ADR

OTC:ORXOY

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51.75M
21.61M
Medicinal and Botanical Manufacturing
Manufacturing
Link
United States of America
Uppsala