Alliqua Biomedical CEO Provides Update to Shareholders
ALLIQUA BIOMEDICAL (ALQA)
Last alliqua biomedical earnings: 8/10 09:02 am
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US:NASDAQ Investor Relations:
alliqua.com
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Source: GlobeNewswire
LANGHORNE, Pa., Jan. 03, 2019 (GLOBE NEWSWIRE) -- To our Alliqua Shareholders: I hope you have seen our recent exciting announcements that we believe drove the increase in our market capitalization and liquidity over the past couple of months. Based on the positive response to that news, we continue to be encouraged about the potential these transactions have to create longer-term value for our shareholders. On behalf of our Board of Directors, please allow me to explain in further detail. First, on May 7, 2018, we announced the completion of an asset sale to Celularity Inc. of our property, assets and rights relating to Alliqua’s advanced biologic wound care business, UltraMist® Therapy System and other therapeutic ultrasound platform products. This transaction allowed Alliqua to strengthen our balance sheet and focus on maximizing the value of our remaining assets. In early 2018, we retained HC Wainwright to run an extensive process to determine the best way to maximi
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