Polyphor and EnBiotix merger announced
Swiss biopharma Polyphor (SIX: POLN) and privately-held US rare diseases company EnBiotix have signed a merger agreement.
This deal will see Polyphor acquire all of the outstanding capital stock of EnBiotix in exchange for shares of common stock of the Basel-based firm.
"This merger with Polyphor is truly strategic"EnBiotix acquires inhaled murepavadin, at an agreed valuation of $10 million, in exchange for common shares of the Boston firm.
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