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Stock impact report

HOPE Therapeutics, Inc. and NRx Pharmaceuticals, Inc. (Nasdaq:NRXP) Announce Signing of a Letter of Intent to Acquire its First Florida Interventional Psychiatry Clinics [Yahoo! Finance]

NRX Pharmaceuticals, Inc. (NRXP) 
Company Research Source: Yahoo! Finance
Acquisition is expected to be immediately accretive to revenue and EBITDA for HOPE and NRx MIAMI Oct. 30, 2024 /PRNewswire/ -- HOPE Therapeutics, Inc., ("HOPE," the "Company"), a medical and technology driven company, and a wholly-owned subsidiary of NRx Pharmaceuticals, Inc. ("NRx") (Nasdaq: NRXP), today announced signing a non-binding Letter of Intent (LOI) for acquisition of its first Interventional Psychiatry Clinics in Florida . These clinics are seen as top performers and will form the Company's foundation for growth in Florida The clinics to be acquired are revenue generating and EBITDA positive, thus the acquisition is expected to be immediately accretive to both revenue and EBITDA for HOPE and NRx. "These clinics come to us highly recommended by industry insiders, and we have been impressed with their intelligent and compassionate operations," said Jonathan Javitt , MD MPH and Matthew Duffy , Co-CEOs of HOPE Therapeutics. "Additionally, we look forward to working with Show less Read more
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