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Stock impact report

Celularity Announces Net Sales Trending Ahead of Expectations for First Quarter 2024; Implements Planned 2024 SG&A Reductions and Manufacturing Ramp for Advanced Biomaterial Products [Yaho...

Celularity Inc. - Class A (CELU) 
Company Research Source: Yahoo! Finance
Implements plan to reduce 2024 selling, general & administrative expenses (SG&A), executive cash compensation, reinforces management's alignment of incentives with shareholders on corporate success FLORHAM PARK, N.J., April 15, 2024 (GLOBE NEWSWIRE) -- Celularity Inc. (NASDAQ: CELU) (“Celularity”) a regenerative medicine company developing placental-derived allogeneic cell therapies and advanced biomaterial products, today announced that its expected net sales for the first quarter of 2024 are trending ahead of the expectations it announced in February for its advanced biomaterial products and biobanking businesses. “Expected net sales in the first quarter of 2024 trended up in both January and February and so far, are ahead of the quarterly net sales expectations we announced in early February,” said Celularity CEO and Founder Dr. Robert Hariri, M.D., Ph.D. “Plainly said, we believe the wound care market is adopting our products faster than we first anticipated, which if true sh Show less Read more
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