THE WHAT? Avalon Pharma, a Saudi-based pharmaceutical company, has announced its intention to list on the Saudi Exchange’s main market. This decision marks a pivotal moment in the company’s expansion and visibility in the financial market.
THE DETAILS Avalon Pharma plans to offer 6,000,000 shares, which represents 30% of its issued share capital. This offering was approved by the Capital Market Authority (CMA) on December 6, 2023. The final offer price for these shares will be set following a book-building period from January 14 to January 18, 2024. The shares are to be listed on the Saudi Exchange’s Main Market, and the IPO consists of a sale of existing shares by selling shareholders. This offering will be available to both Participating Parties and Individual Investors.
THE WHY? Avalon Pharma, established in 1998 and headquartered in Riyadh, Saudi Arabia, operates in developing, manufacturing, and marketing pharmaceutical products. The company’s decision to go public is aimed at capitalizing on its growth in the pharmaceutical sector and expanding its market reach. This move is part of a broader growth strategy that includes introducing new products and expanding into high-tech medication areas, as well as increasing its export market.
Aesthetic supplies USA refers to products and equipment used in the field of aesthetic medicine and cosmetic treatments that are available for purchase in the United States. These supplies encompass a wide range of items necessary for various aesthetic procedures and treatments conducted by professionals such as dermatologists, plastic surgeons, aestheticians, and other qualified practitioners.
Examples of aesthetic supplies include:
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Dermal Fillers: Injectable substances used to restore volume and reduce wrinkles.
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Botulinum Toxin (Botox): Injectables used to temporarily relax facial muscles and reduce wrinkles.
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Laser Devices: Equipment used for hair removal, skin rejuvenation, tattoo removal, and other laser treatments.
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Chemical Peels: Solutions applied to the skin to exfoliate and improve texture.
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Microdermabrasion Devices: Tools used for mechanical exfoliation to rejuvenate skin.
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Microneedling Devices: Devices that create tiny punctures in the skin to stimulate collagen production.
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Cosmeceuticals: Skincare products that contain biologically active ingredients with pharmaceutical-like benefits.
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Sterilization and Disinfection Products: Essential for maintaining hygiene and preventing infections in clinical settings.
