Dipexium shares soar as merger focused on Aspertec is announced

23 December 2016

Dipexium Pharmaceuticals (Nasdaq: DPRX) and privately-held late stage pharma company PLx Pharma have announced a merger agreement.

The deal between the two US companies will see PLx Pharma merging with a wholly-owned subsidiary of Dipexium in an all stock transaction.

"This merger will provide PLx Pharma with the initial resources necessary to advance our contemplated development efforts for Aspertec"

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