Apricus Biosciences, Inc. Announces Merger Agreement with Seelos Therapeutics, Inc. to Advance Late-Stage Pipeline of Products for Central Nervous System (CNS) Disorders
APRICUS BIOSCIENCES (APRI)
Last apricus biosciences earnings: 11/2 04:01 pm
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apricusbio.com
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Source: GlobeNewswire
Transaction to result in Nasdaq-listed company focused on developing novel products to treat central nervous system diseasesTransaction expected to advance Seelos’ robust, late-stage pipeline of five programs, with near-term clinical and regulatory milestones Ownership split of merged company anticipated to be approximately 86% Seelos shareholders and 14% Apricus shareholdersTerms of the transaction to include a Contingent Value Right (CVR) per share to Apricus shareholders of record for Vitaros assets at the time of closingConference call and webcast to be held today at 8:30 AM U.S. Eastern Time NEW YORK, July 30, 2018 (GLOBE NEWSWIRE) -- Apricus Biosciences, Inc. (Nasdaq: APRI) announced the signing of a definitive agreement to merge with Seelos Therapeutics, Inc., a privately-held biotechnology company, in an all-stock transaction. The merged company will focus on the development and commercialization of central nervous system (CNS) therapeutics with known mechanisms of action
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