Franklin Resources Acquires 9.1M Palisade Bio Shares
ByAinvest
Thursday, Feb 5, 2026 8:36 pm ET1min read
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Franklin Resources Inc acquired 9.1 million shares of Palisade Bio Inc at $2.35 each, representing 6% of its holdings in the company. This transaction marks a strategic move by Franklin into the biotechnology sector, despite Palisade Bio's current financial challenges and declining stock price. The acquisition impacts 0.01% of Franklin's portfolio, but highlights the firm's interest in Palisade's potential growth in therapeutics.
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