Ocera Thera and Tranzyme complete merger

16 July 2013

US clinical-stage biopharma firm Ocera Therapeutics and Tranzyme (Nasdaq: TZYM) have completed their all stock merger, following a special meeting of the latter’s shareholders on July 15.

The combined company is named Ocera Therapeutics and will trade beginning July 16, 2013 on the Nasdaq Global Market under the symbol OCRX. The combined company operates under the leadership of Linda Grais, president and chief executive, and the board of directors consists of representatives from both the former Ocera and Tranzyme boards.

On July 15, the day before the combined company goes public, shares for Tranzyme were trading at $0.42 per share, giving it a market capitalization of $13.1 million.

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