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Pulmatrix Inc. (NASDAQ:PULM) stock has surpassed its previous 52-week high of $8.44, now trading at $9.3, as investors rally behind the biopharmaceutical company’s promising developments. According to InvestingPro analysis, the company maintains a "GOOD" overall financial health score. This peak represents a significant milestone for the $31.04M market cap company, reflecting a robust 1-year return of 322.4%. The stock’s ascent to this level underscores the market’s growing confidence in Pulmatrix’s strategic initiatives, supported by impressive revenue growth of 47.05% over the last twelve months. Investors are closely monitoring the company’s progress, as the 52-week high serves as a testament to the stock’s strong performance over the past year. For detailed valuation insights and more exclusive metrics, check out InvestingPro’s comprehensive analysis.
In other recent news, Pulmatrix, Inc., a pharmaceutical company, has undergone significant corporate developments. The company’s board of directors approved an amendment to the bylaws, specifically revising the language surrounding voting standards. The details of these changes, which are effective from February 11, 2025, were not disclosed but can be reviewed in full in the SEC filing.
In another development, Pulmatrix successfully concluded its annual meeting of stockholders, during which key resolutions were passed. Two Class I directors, Todd Bazemore and Christopher Cabell, M.D., were elected to serve on the company’s Board of Directors until the 2027 annual meeting. Furthermore, the appointment of Marcum LLP as Pulmatrix’s independent registered public accounting firm for the fiscal year 2024 was ratified by the shareholders.
These recent developments reflect Pulmatrix’s ongoing process of corporate maintenance and compliance with regulatory requirements. The information for this report is based solely on the press release statements filed with the SEC.
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