Aerpio Pharmaceuticals and Aadi Bioscience Enter into a Definitive Merger Agreement
Aadi has received Orphan designation, Fast Track designation and Breakthrough Therapy designation from the FDA for FYARRO for the treatment of patients with advanced malignant PEComa.
- Aadi has received Orphan designation, Fast Track designation and Breakthrough Therapy designation from the FDA for FYARRO for the treatment of patients with advanced malignant PEComa.
- Following the closing of the concurrent PIPE financing, Aerpio shareholders will own approximately 14.7% of the combined company.
- The terms and conditions of the CVRs will be pursuant to a CVR Agreement Aerpio will enter into prior to the closing of the merger (the \xe2\x80\x9cCVR Agreement\xe2\x80\x9d).\nThe merger agreement has been approved by the boards of directors of both companies.
- In connection with the proposed transaction between Aerpio and Aadi, Aerpio will file a proxy statement with the Securities and Exchange Commission (\xe2\x80\x9cSEC\xe2\x80\x9d).