Eliem Therapeutics Explores Strategic Alternatives; Halts Further Development Of Its Kv7 Program
Portfolio Pulse from Benzinga Newsdesk
Eliem Therapeutics is exploring strategic alternatives, including potential acquisition, merger, business combination, or other transaction. The company has also decided to halt further development of its Kv7 program.
July 20, 2023 | 10:47 am
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Eliem Therapeutics' decision to halt its Kv7 program and explore strategic alternatives could potentially impact its stock price.
The halt of the Kv7 program could be seen as a negative development, potentially leading to a decrease in stock price. Additionally, the exploration of strategic alternatives, including a potential acquisition or merger, introduces uncertainty, which could also negatively impact the stock price in the short term.
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