Shares of Callan JMB Inc (NASDAQ:CJMB) rose sharply in pre-market trading following the announcement that Callan JMB signed a strategic partnership with Alabama State University to build an integrated pharmaceutical manufacturing ecosystem.
Under the partnership, Callan JMB will provide operational support, including logistics, regulatory compliance, warehousing and supply chain management. In return, it will receive 21% of the gross revenue generated from qualifying pharmaceutical manufacturing operations.
Callan JMB shares jumped 63.8% to $1.41 in pre-market trading.
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