NEWS
ProPhase Labs Announces Update on Pharmaloz Manufacturing, Inc. Progress
ProPhase Labs announced that its subsidiary, Pharmaloz Manufacturing (PMI), is expecting significant revenue and earnings growth in the latter half of 2024 and through 2025. PMI has improved its production capabilities by integrating new automation and liquid filling equipment, and will soon install a new vacuum pump system to drastically cut water usage. Additionally, PMI aims to transition to 100% renewable energy, which will reduce energy costs while enhancing the company's ESG commitments. ProPhase has engaged ThinkEquity to explore strategic alternatives for PMI, potentially providing significant liquidity and value creation.
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