Monster Digital and Innovate Biopharmaceuticals Sign Merger Agreement [Canadian Business Journal (Canada)]
MONSTER DIGITAL (MSDI)
US:NASDAQ Investor Relations:
globenewswire.com/news-release/2018/01/29/1313343/0/en/monster-digital-and-innovate-biopharmaceuticals-extend-outside-closing-date-for-merger.html
Company Research
Source: Canadian Business Journal
Monster Digital and Innovate Biopharmaceuticals Sign Merger Agreement SIMI VALLEY, CA–(Marketwired – Jul 3, 2017) – Monster Digital, Inc. (NASDAQ: MSDI), today announced that it has signed a definitive Merger Agreement (“Merger”) under which the shareholders of privately-held Innovate Biopharmaceuticals, Inc. (“Innovate”) will become the majority owners of Monster Digital, Inc. (“Monster”). Subject to shareholder approval, the combined company will advance a late stage drug for celiac disease, which Innovate believes is a significant unmet medical need, into expected Phase 3 clinical trials. Commenting on the potential Merger, Innovate’s CEO Christopher P. Prior, Ph.D., stated: “We believe that access to the public market this merger provides will be key in driving our lead program for celiac disease into its final stage of clinical testing. We are committed to helping patients whose symptoms are still persistent despite adherence to a gluten free diet and where we believe ther
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