BRIEF-Aerovate Therapeutics And Jade Biosciences Announce Merger Agreement

Reuters

2024/10/31

Oct 31 (Reuters) - Aerovate Therapeutics Inc :

* AEROVATE THERAPEUTICS AND JADE BIOSCIENCES ANNOUNCE MERGER AGREEMENT

* AEROVATE THERAPEUTICS INC - JADE SECURES $300 MILLION IN PRIVATE INVESTMENT

* AEROVATE THERAPEUTICS INC - STOCKHOLDERS TO OWN 1.6% OF COMBINED COMPANY

* AEROVATE THERAPEUTICS INC - TOM FROHLICH TO LEAD COMBINED COMPANY AS CEO

* AEROVATE THERAPEUTICS INC - TO DECLARE $65 MILLION CASH DIVIDEND TO STOCKHOLDERS

Source text: Further company coverage:

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

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