Baudax Bio Acquires TeraImmune, Inc.; Baudax Bio CEO Gerri Henwood To Serve As CEO Of Combined Entity; No Financial Terms Disclosed
Portfolio Pulse from Happy Mohamed
Baudax Bio, Inc. (NASDAQ:BXRX) has announced the acquisition of TeraImmune, a biotechnology company focused on Treg-based cell therapies for autoimmune diseases. The merger will add TeraImmune's TI-168 asset to Baudax's portfolio, a promising cell therapy candidate for Hemophilia A patients. Baudax Bio CEO Gerri Henwood will serve as CEO of the combined entity. No financial terms were disclosed.
June 30, 2023 | 12:03 pm
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POSITIVE IMPACT
Baudax Bio's acquisition of TeraImmune could potentially strengthen its portfolio with the addition of a promising cell therapy candidate for Hemophilia A. This could potentially lead to increased investor interest and a positive impact on the company's stock.
Acquisitions often lead to increased investor interest as they can potentially strengthen a company's portfolio and increase its market share. In this case, Baudax Bio's acquisition of TeraImmune adds a promising cell therapy candidate for Hemophilia A to its portfolio, which could potentially lead to increased investor interest and a positive impact on the company's stock.
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