BRIEF-Ligand Subsidiary Pelthos Therapeutics To Combine With Channel Therapeutics

Reuters

04/17

BRIEF-Ligand Subsidiary Pelthos <a href="https://laohu8.com/S/LENZ">Therapeutics</a> To Combine With Channel Therapeutics

April 17 (Reuters) - Channel Therapeutics Corp CHRO.A:

LIGAND SUBSIDIARY PELTHOS THERAPEUTICS TO COMBINE WITH CHANNEL THERAPEUTICS
CHANNEL THERAPEUTICS CORP - PROPOSED TRANSACTION WILL RAISE $50 MILLION IN EQUITY CAPITAL
CHANNEL THERAPEUTICS CORP - LIGAND IS ENTITLED TO A 13% ROYALTY ON WORLDWIDE SALES OF ZELSUVMI
CHANNEL THERAPEUTICS CORP -COMBINED CO TO OPERATE UNDER NAME PELTHOS THERAPEUTICS INC., TRADE ON NYSE AMERICAN EXCHANGE UNDER TICKER PTHS
CHANNEL THERAPEUTICS CORP - UPON COMPLETION OF DEAL, PLESHA TO BECOME CEO OF COMBINED CO AND KNUETTEL TO BECOME CFO

Source text: ID:nGNX3XSQny

Further company coverage: CHRO.A

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

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