Brief: Rdd Pharma To Acquire Naia Rare Diseases

9 Meters Biopharma

13/11/2019 13:58

Nov 13 (Reuters) - Innovate Biopharmaceuticals Inc  INNT.O :
    * RDD PHARMA ENTERS INTO NON-BINDING LETTER OF INTENT TO
ACQUIRE
NAIA RARE DISEASES, STRENGTHENING GASTROENTEROLOGY ORPHAN
DISEASE PIPELINE
    * RDD PHARMA - CLOSING OF TRANSACTION ANTICIPATED TO OCCUR
AFTER
CONSUMMATION OF PROPOSED MERGER OF RDD, INNOVATE
BIOPHARMACEUTICALS
    * RDD PHARMA - NAIA WILL RECEIVE CASH AND SHARES IN 9 METERS
BIOPHARMA SUBJECT TO CLOSING OF INNT MERGER
    * RDD PHARMA - CORPORATE HEADQUARTERS FOR COMBINED COMPANY
WILL BE
LOCATED IN RALEIGH, NORTH CAROLINA

Source text for Eikon:  ID:nPn6hC8HRa 
Further company coverage:  INNT.O 

 ((Reuters.Briefs@thomsonreuters.com;))