Scancell And Neuphoria Therapeutics Announce Merger Agreement And Financing
NEUP•Merger agreement and financing
July 23 (Reuters) - Neuphoria Therapeutics Inc NEUP.O:
- Scancell and Neuphoria Therapeutics announce merger agreement and financing.
- Neuphoria Therapeutics said Scancell will buy Neuphoria in an all-share merger.
- Neuphoria Therapeutics said Scancell expects to secure up to $89 million in financing.
- Scancell shareholders are expected to own 85.5% of the combined company, while Neuphoria shareholders would own 14.5%.
