Repligen announces stock repurchasing program
US drugmaker Repligen has authorized the repurchase of up to 1,250,000 shares of its common stock. Under the program, the firm may buy back shares from time to time at prevailing prices in the open market or in negotiated transactions off the market.
The program does not require the company to repurchase any specific number of shares and may be modified, suspended or terminated at any time without prior written notice. The firm currently has 31.2 million shares outstanding and the stock buy-backs will be funded through available cash.
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