Conduit Pharmaceuticals Launches $1 Million Stock Repurchase Plan

Author: Ryan Hughes Updated: 04-10-2025 08:38 AM

Conduit Pharmaceuticals Unveils Strategic Share Repurchase Program

NAPLES, Fla. and CAMBRIDGE, United Kingdom — Conduit Pharmaceuticals Inc. (NASDAQ: CDT) recently announced the approval of a significant share repurchase initiative, allowing the Company to buy back up to $1,000,000 worth of its outstanding common stock. This program underscores the Board of Directors’ belief that the current market price of Conduit's shares does not adequately reflect their actual value.

Overview of the Share Repurchase Program

The share repurchase program is flexible and provides Conduit with the discretion to purchase shares periodically, depending on various factors such as market conditions and corporate financial needs. Transactions will be conducted through open market actions and will exclusively adhere to SEC Rule 10b-18 standards. The Benchmark Company has been appointed as the broker to manage these transactions.

Wise Financial Decision

Conduit's Chief Executive Officer, Dr. David Tapolczay, expressed the rationale behind this move, stating, “Given the current market value of our common stock, we believe it is prudent to have the option to re-purchase our shares using our existing cash reserves.” This decision is part of a balanced strategy to manage capital while preparing for exciting upcoming milestones.

Focus on Pipeline Development

The share repurchase initiative aligns with Conduit's focus on multiple pivotal developments this year. Anticipated events include preclinical data readouts and the initiation of Phase II trials for AZD1656, indicating an active and promising pipeline. The leadership team at Conduit aims to reinforce the Company’s stability while pursuing innovative advancements in the pharmaceutical sector.

About Conduit Pharmaceuticals

Conduit Pharmaceuticals is at the cutting edge of clinical development, using an efficient model to advance drug compounds. The Company specializes in acquiring and funding Phase 2-ready assets, integrating a sophisticated platform driven by artificial intelligence (AI) and cybernetics. Their unique approach diverges from traditional pharma/biotech models, focusing on expedited development and third-party licensing following successful trials.

Communicating with Investors

Conduit Pharmaceuticals also places a strong emphasis on transparency and communication with its investors and media. Stakeholders are encouraged to reach out for information or inquiries through their dedicated contact channel.

For any investor or media questions, please contact: info@conduitpharma.com.

Frequently Asked Questions

What is the purpose of the share repurchase program?

The program is designed to enhance shareholder value by allowing Conduit to buy back its shares, which the Board believes are undervalued in the market.

How much stock can Conduit repurchase?

Conduit Pharmaceuticals may repurchase up to $1,000,000 worth of its common stock under this initiative.

Who manages the share repurchase program?

The Benchmark Company is the appointed broker managing the transactions for the share repurchase program.

Will the company repurchase shares consistently?

Purchases will occur at the company's discretion and depend on various market conditions and factors affecting the business.

Who is leading Conduit Pharmaceuticals?

Conduit is led by an experienced team, including Dr. David Tapolczay, who brings extensive expertise in the pharmaceutical industry.

About The Author

Hello, my name is Ryan Hughes. I am a financial, economics, and stock market specialist committed to assisting people in negotiating the intricacies of the financial system. Having a great deal of experience and a thorough grasp of market dynamics and economic trends, my area of expertise is converting complex financial ideas into understandable, practical knowledge. By use of my articles and blog entries, I hope to give you the information and assurance you need to make wise financial choices.

I've had the honor of interacting with a wide range of readers as a writer for several financial blogs, from new investors to seasoned market participants. To enable you to reach your financial goals, I want to make finance, economics, and stock market trends understandable and approachable. I appreciate you traveling with me toward success and financial literacy.

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