Brief: Appili Therapeutics, AiPharma Announce Strategic Alliance And Equity Transaction

Appili Therapeutics

29/09/2021 13:06

Sept 29 (Reuters) - Appili Therapeutics Inc  APLI.TO :
    * APPILI THERAPEUTICS AND AIPHARMA ANNOUNCE STRATEGIC
ALLIANCE AND
EQUITY TRANSACTION
    * APPILI THERAPEUTICS INC - STRATEGIC ALLIANCE FOR GLOBAL
DEVELOPMENT OF ORAL ANTIVIRAL MEDICINE AVIGAN/REEQONUS
    * APPILI - AIPHARMA WILL RECEIVE NUMBER OF CLASS A COMMON
SHARES
OF APPILI AS IS EQUAL TO 24% OF ISSUED AND OUTSTANDING APPILI
SHARES PRIOR TO AGREEMENT
    * APPILI THERAPEUTICS INC - EXPECTED THAT AIPHARMA WILL HOLD
ABOUT
19.4% OF ISSUED AND OUTSTANDING APPILI SHARES IMMEDIATELY
FOLLOWING CLOSING
    * APPILI THERAPEUTICS INC - IN EXCHANGE, WILL RECEIVE ABOUT
6% OF
ISSUED AND OUTSTANDING AIPHARMA SHARES

Source text for Eikon:  ID:nBw47HwvVa 
Further company coverage:  APLI.TO 

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