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Alliqua BioMedical, Inc. Announces Closing Asset Sale to Celularity Inc.

ALLIQUA BIOMEDICAL (ALQA)  More Company Research Source: GlobeNewswire
Last alliqua biomedical earnings: 8/10 09:02 am Check Earnings Report
US:NASDAQ Investor Relations: alliqua.com
PDF Alliqua to return capital to shareholders Alliqua Retains H.C. Wainwright and Co. to evaluate strategic options LANGHORNE, Pa., May 07, 2018 (GLOBE NEWSWIRE) -- Alliqua BioMedical, Inc. (Nasdaq:ALQA) ("Alliqua" or "the Company"), a provider of advanced wound care products, today announced that it has completed its previously announced asset sale to Celularity Inc. of its property, assets and rights relating to the Company’s advanced biologic wound care business, UltraMist® Therapy System and other therapeutic ultrasound platform products. “We are excited about the completion of the transaction, which will now allow Alliqua to focus on maximizing the value of its remaining assets”, said David Johnson, CEO of Alliqua. Alliqua intends to return capital back to its stockholders on a per share basis of between $1.40 per share to $1.80 per share in the fourth quarter of 2018.  In addition, Alliqua recently engaged H.C. Wainwright & Co. to  provide a range of advisory services to the C [Read more]

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