Entero Therapeutics Announces Proposed Reverse Merger with Journey Therapeutics, A Clinical Stage, First-in-Class, Next-Generation ADC-rivalling Nano-immunoconjugates Biopharmaceutical Company
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Entero Therapeutics (Nasdaq: ENTO) announced a proposed reverse merger with Journey Therapeutics, a clinical-stage biopharmaceutical company. Journey's shareholders will acquire 99% of Entero's equity, and the combined company will operate under the name Journey Therapeutics, Inc. The merger is subject to several conditions, including equity financing and stockholder approval.
November 13, 2024 | 12:15 pm
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Entero Therapeutics is entering a reverse merger with Journey Therapeutics, where Journey's shareholders will own 99% of the combined entity. The merger is contingent on several conditions, including equity financing and stockholder approval.
The reverse merger will significantly change Entero's ownership structure, with Journey's shareholders acquiring 99% of the equity. This could lead to a positive short-term impact on Entero's stock price due to the potential growth prospects of Journey's NIC platform.
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IMPORTANCE 90
RELEVANCE 100