NovaBay Pharma Signs Deal to Sell Avenova Assets to Acumen Health Unit for $9.5 Million; Shares Soar

MT Newswires Live

2024/09/20

NovaBay Pharmaceuticals (NBY) shares were up 77% premarket Friday after the company said it signed a deal to sell its Avenova brand and assets to an Acumen Health unit for $9.5 million in cash.

The transaction is expected to close in Q4, subject to approval by NovaBay shareholders and customary closing conditions.

Price: 0.8796, Change: +0.38, Percent Change: +77.02

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