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home / news releases / VYNT - Vyant Bio engages advisor to explore strategic alternatives shares rocket +100%

VYNT - Vyant Bio engages advisor to explore strategic alternatives shares rocket +100%

Vyant Bio Inc.
  • Vyant Bio ( NASDAQ: VYNT ) on Wednesday said it had engaged boutique investment bank LifeSci Capital to explore strategic alternatives for the company.
  • Shares of the micro-cap biotech more than doubled in value to $1.60 after hours.
  • Cherry Hill, N.J.-based VYNT is developing therapies to treat neurodevelopmental and neurodegenerative diseases, with current programs targeting Rett Syndrome, CDKL5 deficiency disorders and Parkinson's disease.
  • "The Board and Management ... believe that it would be a prudent time to contemplate strategic alternatives while continuing to execute on the current business plan," VYNT CEO Jay Roberts said in a statement .
  • The engagement of LifeSci Capital as financial advisor comes after VYNT in Nov. last year reported a fall in both revenue and cash position for Q3.

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Vyant Bio engages advisor to explore strategic alternatives, shares rocket +100%
Stock Information
Company Name: Vyant Bio Inc.
Stock Symbol: VYNT
Market: NASDAQ
Website: vyantbio.com
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