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home / news releases / BXRX - Baudax Bio shares more than double after TeraImmune acquisition

BXRX - Baudax Bio shares more than double after TeraImmune acquisition

Baudax Bio Inc.

2023-06-30 10:56:09 ET

  • Baudax Bio ( NASDAQ: BXRX ) said on Friday that it had acquired TeraImmune, a Treg research company
  • BXRX shares more than double, up +163.4% .
  • Under the deal, TeraImmune's outstanding equity interests were exchanged for a combination of BXRX common stock, shares of newly designated convertible Series X Non-Voting Convertible Preferred Stock.
  • Baudax Bio equity holders will own ~18% of the combined company.
  • BXRX CEO Gerri Henwood will serve as CEO of the combined entity.
  • Press Release

For further details see:

Baudax Bio shares more than double after TeraImmune acquisition
Stock Information
Company Name: Baudax Bio Inc.
Stock Symbol: BXRX
Market: NYSE
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