Novakand Pharma has initiated concrete discussions with Swedish unlisted growth companies regarding a reverse acquisition. In parallel, discussions are underway regarding the divestment of the fractalkine program with the drug candidates rugocrixan and fosrugocrixane. The company has implemented cost-saving measures. If no strategic alternatives are achieved, the board plans to recommend delisting from Nasdaq First North Growth Market and voluntary liquidation. Decisions will be made by the shareholders at a future general meeting.
Novakand Pharma updates on reverse acquisition
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News Desk [email protected]
Notes
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