Hepion merges with Pharma Two B for $58.5 million. Pharma Two B develops P2B001 for Parkinson’s Disease. New company will operate as Pharma Two B post-merger. P2B001 aims to provide safer treatment for Parkinson’s patients. Hepion secured $2.9 million through a private placement to investors.
Hepion Pharmaceuticals merges with Pharma Two B for $58.5 million valuation. Combined entity will operate as Pharma Two B and aim for Nasdaq listing. P2B001 targets unmet needs in Parkinson's treatment with once-daily regimen. Hepion initiates $2.9 million private placement of senior notes. Stock price shows a 1.96% increase during premarket trading.