USANA stock purchase
This article was originally published in The Tan Sheet
Executive Summary
Salt Lake City-based firm's board of directors authorizes up to $10 mil. for additional repurchases of outstanding common stock shares Nov. 19. The repurchase will be funded with internally generated cash and made at the discretion of the management "in the open market, through block trades or otherwise," USANA says. The direct seller has purchased roughly 1 mil. shares of common stock since January at an aggregate purchase price of $29 mil. Approximately 19,062,000 common shares of USANA were outstanding as of Nov. 5...
You may also be interested in...
New EU Approvals
The Pink Sheet's list of EU centralized approvals of new active substances has been updated to add two new products, including Ryzneuta, Evive Biotechnology's treatment for chemotherapy-induced neutropenia.
Pair Of Deaths Linked To Recalled Vyaire Medical Respiratory Devices
The US FDA has labelled a recall of more than 6 million Airlife respiratory support devices class I. The recall covers devices manufactured in 2017 or earlier that can fail to provide adequate ventilation.
Over The Counter 2 Apr 2024: Analyzing The Spin-Out Trend In Consumer Health, With HBW’s Malcolm Spicer And Tom Gallen
In this episode, HBW Insight’s Europe and US editors bring their expertise to bear on the current the trend towards standalone OTC companies in global consumer health. We look at four major players: Haleon, which separated from GSK almost two years ago; Kenvue, soon to celebrate its first anniversary as a new company; Sanofi Consumer Healthcare, which is poised to split from its pharma parent; and Bayer, which has decided to buck the trend, holding on to its consumer health division. We discuss some of the advantages of becoming a standalone company, for example in leaning into a wider concept of self-care.