Update on Erytech merger with Pherecydes Pharma

15 June 2023

The Commercial Court in Lyon, France, has rejected the request of investment fund Akkadian Partners to postpone the vote on the merger of Erytech (Nasdaq: ERYP) with Pherecydes Pharma (FR0011651694 - ALPHE).

On February 15, 2023, Erytech announced its intended strategic combination with Pherecydes to create a global player in extended phage.

Erytech says it is pleased with the order delivered by the president of the Lyon Commercial Court. This order rejected Akkadian Partners' attempt to postpone the vote on the merger. As a result, Erytech shareholders will be able to legitimately vote on the merger on June 23, 2023, as planned.

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