Renta 4: Since 2020, the stock has accumulated four years of consolidation since 2012. These consolidation ranges are usually of continuity of the previous trend (upwards since 2012). Since March, the price has shown a striking robustness and faces the passage of the guideline linking the highs of 2007, with those of 2020 and 2022 at €3.70, above which it would confirm its good form. The narrowness of the price...

Norbolsa | Faes Farma (FAES) held its shareholders’ meeting on Tuesday, where it endorsed the appointment of the new CEO Eduardo Recoder de la Cuadra, who will take up his new position on 1 September. On the other hand, the company reported that it is studying the purchase of a European pharmaceutical company, without giving additional data. As for the new Derio plant, they recalled that it will come into...

Renta 4 | Faes Farma will expand its industrial capacity with a new production plant in Derio (Vizcaya) in order to meet the strong growth expected by the company beyond 2024. The estimated investment will be around €150 M. This will be implemented over the next 4 years and will require an increase in staff of about 200 workers. The new plant will be located in the Zamudio Technology Park, with the potential to manufacture more than 100 M units of medicines.