Brief: Adynxx Announces Merger Agreement With Alliqua Biomedical

Adynxx

22/04/2019 17:15

April 22 (Reuters) - Alliqua BioMedical Inc  ALQA.O :
    * ADYNXX ANNOUNCES MERGER AGREEMENT WITH ALLIQUA BIOMEDICAL
AND
PROVIDES BUSINESS AND CLINICAL UPDATE
    * ADYNXX -  TO MERGE WITH ALLIQUA BIOMEDICAL AND BECOME A
NASDAQ-LISTED PUBLIC COMPANY IN EARLY 2019
    * ADYNXX - ADYNXX SECURITYHOLDERS ARE EXPECTED TO OWN
APPROXIMATELY 86% OF COMBINED COMPANY
    * ADYNXX - EXISTING STOCKHOLDERS OF ALLIQUA ARE EXPECTED TO
OWN
APPROXIMATELY 14% OF COMBINED COMPANY
    * ADYNXX -  ALLIQUA WILL BE RENAMED ADYNXX, INC.
    * ADYNXX - WILL BE HEADQUARTERED IN SAN FRANCISCO UNDER
LEADERSHIP
OF ADYNXX'S CURRENT MANAGEMENT TEAM
    * ADYNXX - PLANS TO INITIATE TWO PHASE 2 STUDIES OF
BRIVOLIGIDE IN
POSTOPERATIVE PAIN WITH TOPLINE RESULTS EXPECTED IN 2020

Source text for Eikon:  ID:nGNX1TyhrB 
Further company coverage:  ALQA.O 

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