Brickell Biotech Completes Merger with Vical
Brickell Biotech, Inc. (BBI)
Company Research
Source: GlobeNewswire
Newly Nasdaq-listed BBI focused on developing differentiated therapeutics for treatment of dermatologic disorders Merger brings $60 Million in Combined Cash from Vical and R&D funding from NovaQuest Pivotal Phase 3 Clinical Trials for Brickell’s Lead Product Candidate, Sofpironium Bromide, in Patients with Axillary Hyperhidrosis to Begin Q4 2019 BOULDER, Colo., Sept. 03, 2019 (GLOBE NEWSWIRE) -- Brickell Biotech, Inc. (“Brickell”) (Nasdaq: BBI), a clinical-stage pharmaceutical company, today announced the completion of its merger with Vical Incorporated (“Vical”), following approval by Vical’s stockholders. Brickell is expected to commence trading today on The Nasdaq Capital Market under the ticker symbol “BBI.” “This merger is a significant milestone for Brickell. We are on track to initiate the Phase 3 program of our lead asset, sofpironium bromide, for patients with axillary hyperhidrosis this year,” said Robert Brown, Brickell’s Chief Executive Officer. “With over 10 mill
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