
RedHill Biopharma Files Pro Forma Financials After Talicia Joint Venture Deal With Cumberland

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RedHill Biopharma has completed a strategic transaction with Cumberland Pharmaceuticals, selling a 30% equity stake in Talicia Holdings Inc., which manages the global rights to its drug Talicia®. RedHill retains a 70% stake and shared decision-making authority, leading to a change in financial reporting. The company has filed pro forma financials reflecting this shift, indicating a new financial profile. Analysts rate RDHL stock as a Sell with a $1.00 price target, citing significant losses and high leverage as concerns.
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