Rafarma pharmaceutical updates
Rhea-AI Summary
Rafarma Pharmaceuticals (OTC: RAFA) has announced upcoming transformational changes to the company. The management plans to hold a shareholders meeting before February 1, 2025, focusing on company reinvestment and capital structure modifications. Following this, a Zoom press conference will be conducted to discuss company structure, audit details, and new pharmaceutical initiatives that have been in development since autumn 2024.
The company aims to implement several changes before March 2025. Shareholders can direct their questions to press attaché Liza Babenko before the press conference.
Positive
- None.
Negative
- Lack of concrete information about company's recent activities
- Delayed shareholder communications
- Unspecified business challenges requiring transformation
News Market Reaction 1 Alert
On the day this news was published, RAFA declined 10.93%, reflecting a significant negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Sheridan, Wyoming, USA, Dec. 18, 2024 (GLOBE NEWSWIRE) -- Rafarma Pharmaceuticals (OTC: RAFA)
Dear Rafarma shareholders,
We apologize for the delay in providing information about the company's activities in recent months. The past months have been truly transformational for us. And the company transformations that we are going through now will bring a long-awaited update for the company in the new year. “Everything that does not kill us makes us stronger,” said the German philosopher Nietzsche back in the 19th century. This is how we approach business challenges in the 21st century. We will hold a shareholders meeting before February 1, 2025, to make decisions on reinvesting in the company and changing its capital structure. And we will hold a press conference for you on Zoom after that to share the news we have been preparing since autumn 2024 regarding the company's structure, audit and its new pharmaceutical areas. We need to make a number of changes before March 2025 so that we can please you with facts. The best lawyers and financiers are working with us. Our press attaché Liza Babenko will collect all your questions by that time and we will voice over them at the press conference. Please contact her with questions before that time.
Sincerely,
Chairman of the Board of Directors of Rafarma
Ilya Shpurov
ABOUT RAFARMA PHARMACEUTICALS
Rafarma Pharmaceuticals is a diversified pharmaceutical company dedicated to the new treatments and solutions development for patients in various fields. Regularly cooperating with leading research institutes and pharmaceutical companies around the world, the business has earned a reputation as a reliable manufacturer and distributor. Rafarma Pharmaceuticals has more than 25 programs in molecular biology, nuclear medicine, immunology, sustainable packaging, and many other fields at the moment.
For more information, please visit https://www.noyarp.com
CONTACTS:
RAFARMA PHARMACEUTICALS
babenko_press@rafapharm.com
+1 (307) 218-0292
Sheridan, Wyoming, 82801, USA
Source: Rafarma Pharmaceuticals, Inc.
FAQ
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