Brief: BiomX To Merge With Biotechnology Company Adaptive Phage Therapeutics

Biomx

06/03/2024 12:38

March 6 (Reuters) - Biomx Inc  PHGE.A :
    * BIOMX ANNOUNCES ENTRY INTO MERGER AGREEMENT WITH ADAPTIVE
PHAGE
THERAPEUTICS AND CONCURRENT $50 MILLION FINANCING
    * BIOMX INC - ENTERED INTO A DEFINITIVE AGREEMENT FOR A
PRIVATE
PLACEMENT FINANCING OF $50 MILLION
    * BIOMX INC - BIOMX WILL CONTINUE TO BE LED BY ITS CURRENT
MANAGEMENT TEAM, WITH ADDITION OF MICHAEL BILLARD FROM APT AS
GENERAL MANAGER, U.S
    * BIOMX INC -  IMMEDIATELY POST DEAL BIOMX WILL OWN ABOUT
55% AND
FORMER STOCKHOLDERS OF APT WILL OWN ABOUT 45% OF CONSOLIDATED
ENTITY

Source text for Eikon:  ID:nGNX7vDwJp 
Further company coverage:  PHGE.A 

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