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Posted On: 04/17/2023 4:00:33 PM
Post# of 112
NetworkNewsBreaks – Aditxt Inc. (NASDAQ: ADTX) Releases Shareholder Update on Major Programs, M&A Plans
Aditxt (NASDAQ: ADTX), an innovation company developing and commercializing technologies with a focus on monitoring and modulating the immune system, has released a shareholder update outlining its three innovation programs and strategic M&A initiatives. The update notes that subsidiary Pearsanta submitted a bid to acquire substantially all assets of Lucira Health Inc., including Lucira Connect and FDA-approved at-home combination COVID-19 and flu tests. The company was chosen as a backup bidder. Despite an objection filed by Aditxt noting issues related to fairness and good faith, Pearsanta remains the backup bidder. Earlier this month, Aditxt formed a wholly owned subsidiary, Adivir Inc., focused on the company’s therapeutics and antimicrobial program. The company continues to consider a potential transaction with Cellvera, a company focused on discovering, developing and commercializing antimicrobial therapies across a broad spectrum of infectious diseases. Aditxt continues to move forward with its human clinical trials in Germany, studying Adimune. The studies will focus on psoriasis, with the objective being to add human trials in the United States later this year. “Aditxt’s vision is dedicated to a new era of precision medicine through individual immune monitoring and modulation,” said Aditxt cofounder, chair and CEO Amro Albanna in the press release. “We are laser-focused on advancing each of our innovation programs toward commercialization. Adimune’s initiation of ADI-100 manufacturing is measurable progress of Adimune toward our 2023 strategic goals.”
Please see full terms of use and disclaimers on the MiningNewsWire website applicable to all content provided by MNW, wherever published or re-published: https://www.MiningNewsWire.com/Disclaimer
Aditxt (NASDAQ: ADTX), an innovation company developing and commercializing technologies with a focus on monitoring and modulating the immune system, has released a shareholder update outlining its three innovation programs and strategic M&A initiatives. The update notes that subsidiary Pearsanta submitted a bid to acquire substantially all assets of Lucira Health Inc., including Lucira Connect and FDA-approved at-home combination COVID-19 and flu tests. The company was chosen as a backup bidder. Despite an objection filed by Aditxt noting issues related to fairness and good faith, Pearsanta remains the backup bidder. Earlier this month, Aditxt formed a wholly owned subsidiary, Adivir Inc., focused on the company’s therapeutics and antimicrobial program. The company continues to consider a potential transaction with Cellvera, a company focused on discovering, developing and commercializing antimicrobial therapies across a broad spectrum of infectious diseases. Aditxt continues to move forward with its human clinical trials in Germany, studying Adimune. The studies will focus on psoriasis, with the objective being to add human trials in the United States later this year. “Aditxt’s vision is dedicated to a new era of precision medicine through individual immune monitoring and modulation,” said Aditxt cofounder, chair and CEO Amro Albanna in the press release. “We are laser-focused on advancing each of our innovation programs toward commercialization. Adimune’s initiation of ADI-100 manufacturing is measurable progress of Adimune toward our 2023 strategic goals.”
Please see full terms of use and disclaimers on the MiningNewsWire website applicable to all content provided by MNW, wherever published or re-published: https://www.MiningNewsWire.com/Disclaimer
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