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Alliqua BioMedical and Adynxx Announce Merger Settlement

Alliqua BioMedical (Nasdaq:ALQA) and Adynxx a privately held biopharmaceutical agency, at current launched that they’ve entered proper right into a definitive merger settlement beneath which the stockholders of Adynxx would grow to be the majority owners of Alliqua’s glorious widespread stock on a fully-diluted basis. As quoted throughout the press launch: The proposed merger will create a public clinical-stage … Continued

Alliqua BioMedical (Nasdaq:ALQA) and Adynxx a privately held biopharmaceutical agency, at current launched that they’ve entered proper right into a definitive merger settlement beneath which the stockholders of Adynxx would grow to be the majority owners of Alliqua’s glorious widespread stock on a fully-diluted basis.

As quoted throughout the press launch:

The proposed merger will create a public clinical-stage pharmaceutical agency focused on rising a platform of first-in-class, disease-modifying, non-opioid therapies for the remedy of ache.  Adynxx’s lead product candidate, brivoligide for the low cost of postoperative ache, is supposed to provide long-term ache support and lowered opioid utilization with a single administration on the time of surgical process in a bunch of victims with a greater menace of experiencing elevated and prolonged ache following surgical process.

“We’re keen about creating a lot of strategies for our shareholders to maximise price with Alliqua,” talked about Dave Johnson, CEO of Alliqua.  “First, as launched in May, we intend to make a selected cash dividend to our stockholders sooner than the merger. Second, following an in depth evaluation of strategic choices, Alliqua’s Board of Directors has determined that the signing of our definitive settlement with Adynxx will allow our stockholders the prospect to get pleasure from price appreciation of their equity holdings. Lastly, we’re at current exploring choices for our 16,500 sq. foot GMP personalized hydrogel manufacturing facility in Langhorne, PA to maximise price for our shareholders.”

Click on on proper right here to study the overall press launch.


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