An announcement from Akari Therapeutics ( (AKTX) ) is now available.
Akari Therapeutics has completed its merger with Peak Bio, enhancing its focus on developing therapies for autoimmune and inflammatory diseases. This strategic move also includes a $3.2 million private placement financing and a $50 million equity line of credit, potentially strengthening its financial standing post-merger. The combined entity aims to advance its innovative pipeline, particularly in Antibody Drug Conjugates and Geographic Atrophy therapies, ensuring the continuation of milestone achievements. These developments are crucial for Akari’s ongoing efforts to meet Nasdaq listing requirements.
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