Aerovate Therapeutics And Privately-held Jade Biosciences Have Entered Into A Definitive Merger Agreement For An All-stock Transaction, The Resulting Entity Will Focus On Advancing Jade's Portfolio Of Biologics, Including JADE-001 For IgA Nephropathy
Portfolio Pulse from Benzinga Newsdesk
Aerovate Therapeutics and Jade Biosciences have agreed to merge in an all-stock transaction, creating a company focused on Jade's biologics portfolio, including JADE-001 for IgA Nephropathy. The new entity will trade on Nasdaq under 'JBIO'.
October 31, 2024 | 11:23 am
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Aerovate Therapeutics is merging with Jade Biosciences in an all-stock transaction. The new entity will focus on Jade's biologics portfolio and trade under 'JBIO'.
The merger is a significant strategic move for Aerovate Therapeutics, as it transitions to focus on Jade's biologics portfolio. This could lead to increased investor interest and potential stock price appreciation due to the new focus and anticipated clinical trials.
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