Protagonist Therapeutics Announces $300M Buyback Plan
Protagonist Therapeutics, Inc. (Nasdaq:PTGX) today announced that its Board of Directors has authorized a share repurchase program under which the Company may repurchase up to $300 million of its outstanding common
Protagonist Therapeutics said it will spend up to $300 million buying back its own shares, which usually means the company thinks its stock is a good deal right now. When a company buys its own shares, there are fewer shares left, so each share can become more valuable over time.
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