InMode (INMD) announced that its Board has approved a share repurchase program of up to 7.68 million ordinary shares. The ordinary share repurchases will be funded with available cash.
Yair Malca, CFO, said: "Based on discussions with tax advisors, the company believes that there will be no tax implications as a result of the existing program. Our strong cash position and the current low valuation triggered the decision of the board to authorize another buyback plan shortly after the previous one ended."
InMode is a global provider of medical technologies. It develops, manufactures, and markets devices harnessing radiofrequency technology.
For More Such Health News, visit rttnews.com.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.