Ventrus Biosciences to Merge With Assembly Pharmaceuticals
~ New Company, Assembly Biosciences, to Focus on First-in Class Technology for Treatment and Potential Cure of Hepatitis B Virus Infection, Affecting 350 Million Worldwide ~ Projected Multi-Billion Market Opportunity; No Curative Therapy Exists ~ Combined Teams Bring Experienced Leadership Capable of Driving Value ~ Anticipated Closing July 10, 2014, Pending Shareholder Approval
NEW YORK, SAN FRANCISCO and INDIANAPOLIS, May 19, 2014 -- Ventrus Biosciences, Inc. has entered into a merger agreement with Assembly Pharmaceuticals, a privately held biopharmaceutical company, in an all-stock transaction. Upon the completion of the merger, the combined company will be renamed Assembly Biosciences, Inc. and trade on the Nasdaq Capital Market under the ticker "ASMB."
- Published: 29 May 2014
- Written by Editor