SNCA - Palisade Bio to begin trading on Nasdaq today
Palisade Bio (PALI), formed by the reverse merger of Seneca BioSciences (SNCA) and privately held Leading BioSciences, will begin trading on the Nasdaq today.A concurrent $20M investment was led by Altium Capital as part of the merger.Palisades is focusing on drugs for gastrointestinal conditions.The company's sole pipeline product, LB1148, is an oral broad-spectrum protease inhibitor for multiple indications in phase 2.Palisade intends for LB1148 to compete against Merck's Entereg (alvimopan)Palisade will host a conference call at 11a ET today.
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Palisade Bio to begin trading on Nasdaq today