MyMD Pharmaceuticals (MYMD) has shared an update.
MyMD Pharmaceuticals, Inc. has executed a Securities Purchase Agreement selling convertible preferred stock and warrants to certain investors, subsequently amending the terms to authorize more shares for dividend payments. Additionally, Dr. Christopher Chapman amicably separated from his roles in the company, coinciding with the appointments of Stephen Friscia to the Board and Dr. Mitchell Glass as President and Chief Medical Officer. These strategic moves, including management changes and corporate restructuring, aim to bolster the company’s financial and operational standing in the market.
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