BRIEF-AzurRx Biopharma To Buy First Wave Bio And Its Proprietary Niclosamide Formulations

Reuters

2021-09-13

Sept 13 (Reuters) - AzurRx BioPharma Inc :

* AZURRX BIOPHARMA ANNOUNCES ACQUISITION OF FIRST WAVE BIO AND ITS PROPRIETARY NICLOSAMIDE FORMULATIONS TARGETING MULTI-BILLION DOLLAR INFLAMMATORY BOWEL DISEASE INDICATIONS

* AZURRX BIOPHARMA INC - AZURRX BIOPHARMA TO BE RENAMED "FIRST WAVE BIOPHARMA" AND TRADE UNDER NEW NASDAQ TICKER SYMBOL, "FWBI"

* AZURRX BIOPHARMA INC - THREE IBD CLINICAL INDICATIONS ADDED TO GI THERAPEUTIC PIPELINE WITH MULTIPLE NEAR-TERM INFLECTION POINTS

* AZURRX BIOPHARMA INC - ENTERED A DEFINITIVE AGREEMENT TO ACQUIRE FIRST WAVE BIO INC IN STOCK AND CASH TRANSACTION VALUED AT $229 MILLION

* AZURRX BIOPHARMA INC - TRANSACTION IS BEING EFFECTED VIA A REVERSE TRIANGULAR MERGER

* AZURRX BIOPHARMA INC - AZURRX'S MANAGEMENT TEAM, INCLUDING JAMES SAPIRSTEIN, WILL CONTINUE TO LEAD RENAMED COMPANY

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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