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0.00346020761245674 0.00479964281727881 0.00524612121888608 0.00680879562451166 0.00680879562451166 0.00680879562451166 0.00680879562451166 0.00680879562451166
Stock impact report

Klotho to acquire Turn Biotechnologies' assets [Yahoo! Finance]

Klotho Neurosciences, Inc. (KLTO) 
Company Research Source: Yahoo! Finance
Turn Biotechnologies is focused on induced pluripotent stem cells (iPSCs) and cellular reprogramming. Klotho has signed a letter of intent (LOI) in this regard. The cash and stock deal is contingent upon the completion of due diligence, the execution of a definitive agreement and fulfilment of typical closing conditions. Under the LOI's terms, Klotho would gain control of Turn's Epigenetic Reprogramming of Age (ERA) platform and the eTurna RNA delivery system. Developed at Stanford University in the US, and exclusively licensed by the institution, the ERA platform leverages the eTurna system. These technologies are intended for restoring the function of tissues and rejuvenating somatic cells, potentially leading to a variety of regenerative therapies in ophthalmology, dermatology, osteoarthritis, muscle health, immunology and amyotrophic lateral sclerosis (ALS). A key aspect of the transaction is Klotho's acquisition of an out-licensing and joint development partnership w Show less Read more
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