Following these transactions, Heuszel now directly owns 96,344 shares of Impact Biomedical. The acquisitions reflect ongoing confidence in the company's prospects as it continues to operate in the pharmaceutical preparations industry. With a market capitalization of $29.1 million and a price-to-book ratio of 0.85, InvestingPro analysis suggests the stock is currently fairly valued. The company maintains strong liquidity with a current ratio of 2.79, indicating healthy short-term financial stability. With a market capitalization of $29.1 million and a price-to-book ratio of 0.85, InvestingPro analysis suggests the stock is currently fairly valued. The company maintains strong liquidity with a current ratio of 2.79, indicating healthy short-term financial stability. Following these transactions, Heuszel now directly owns 96,344 shares of Impact Biomedical. The acquisitions reflect ongoing confidence in the company's prospects as it continues to operate in the pharmaceutical preparations industry.
In other recent news, Impact BioMedical Inc. has made significant strides in its operations. The company has secured a new U.S. patent for an insect repelling composition, expanding its 3F™ technology platform. The U.S. Patent and Trademark Office issued U.S. Patent No. 11,985,973, set to expire in February 2039, adding to its previously granted patent with an expiry in April 2040. The patented technology inhibits the olfactory receptors of insects, offering potential applications as a human insect repellent.
In addition to this, Impact BioMedical has announced the formation of a new executive leadership team, including Frank D. Heuszel as CEO, Mark Suseck as COO, and Todd Macko as CFO. This leadership assembly, bringing together a wealth of experience in executive leadership, finance, strategic planning, company strategy, operations, licensing, acquisitions, and commercialization, is expected to guide the company through a period of innovation and expansion.
These are the latest developments in Impact BioMedical's journey, demonstrating the company's commitment to addressing unmet needs in human healthcare and positioning itself for sustained success in the healthcare sector.
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