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Stock impact report

Stone Street Group Initiates Coverage On BiomX Inc.

BiomX Inc. COmmon Stock (PHGE) 
Company Research Source: PR Newswire
NEW YORK, Nov. 12, 2019 /PRNewswire/ -- Stone Street Group has announced it has initiated coverage on BiomX Inc (NYSE: PHGE).The full report can be found here: PHGE ReportKey Report Highlights:Chardan Healthcare Acquisition Corp. (NYSE: CHAC, "PHGE"), a special purpose acquisition company ("SPAC") sponsored by affiliates of Chardan Capital Markets LLC ("Chardan"), and BiomX Ltd. ("BiomX") entered into a business combination merger agreement on 17 July 2019 to create a publicly listed microbiome company under ticker PHGE focused on developing both natural and engineered phage therapies. The merger was completed on 28 October 2019.BiomX treats the microbiome as a therapeutic target, a very distinctive perspective than many other microbiome companies. BiomX also approaches phage differently, where the Company uses the customized phage therapy to target and eradicate harmful bacteria associated with the chronical diseases, contrary to the "additive" approach commonly adopted by other comp Show less Read more
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