Brief: Alliqua Biomedical Announces Definitive Asset Purchase Agreement With Celularity Inc

Adynxx

05/01/2018 21:30

Jan 5 (Reuters) - Alliqua Biomedical Inc  ALQA.O : 
    * ALLIQUA BIOMEDICAL, INC. ANNOUNCES DEFINITIVE ASSET 
PURCHASE 
AGREEMENT WITH CELULARITY, INC. 
    * ALLIQUA BIOMEDICAL INC - DEAL FOR $29.0 MILLION 
    * ALLIQUA BIOMEDICAL - AS PER DEAL, CELULARITY WILL ACQUIRE 
ALL OF 
PROPERTY, ASSETS AND RIGHTS RELATING TO CO'S ADVANCED BIOLOGIC 
WOUND CARE BUSINESS 
    * ALLIQUA BIOMEDICAL - AS PER DEAL, CELULARITY WILL ALSO 
ACQUIRE 
ALL OF PROPERTY, ASSETS AND RIGHTS RELATING TO CO'S ULTRAMIST 
THERAPY SYSTEM 
    * ALLIQUA BIOMEDICAL INC - CO'S BOARD OF DIRECTORS 
UNANIMOUSLY 
APPROVED ENTERING INTO AGREEMENT 
    * ALLIQUA BIOMEDICAL INC - NO DEBT OR SIGNIFICANT 
LIABILITIES ARE 
BEING ASSUMED BY CELULARITY IN TRANSACTION 
 
Source text for Eikon:  ID:nGNXOLNVUa  
Further company coverage:  ALQA.O  
 
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