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Stock impact report

RELIEF THERAPEUTICS Holding SA Announces the Closing of its Share Exchange Agreement with Sonnet BioTherapeutics, Inc. for the Divestment of its wholly-owned Subsidiary Relief Therapeutics...

Sonnet BioTherapeutics Holdings, Inc. (SONN) 
Company Research Source: Business Wire
RELIEF THERAPEUTICS Holding SA (SIX:RLF, “Relief Holding”) announces the closing of the binding Share Exchange Agreement (“SEA”) for the acquisition by Sonnet BioTherapeutics, Inc. (“Sonnet”), now a subsidiary of Sonnet BioTherapeutics Holdings, Inc. (Nasdaq:SONN, "Sonnet Holdings") of Relief Therapeutics SA (“Relief SA”), a subsidiary of Relief Holding signed August 12, 2019Closing was subject to fulfillment by Sonnet of certain conditions precedent which have now been satisfied Based on the SEA terms, Sonnet paid to Relief Holding shares of its common stock that converted into 757,933 shares of listed Sonnet Holdings common stockSonnet will pursue its already initiated commitment to fund the clinical development of Relief SA’s asset, Atexakin Alfa (low dose formulation of Interleukin-6, IL-6, now “SON-080”), for the treatment of Peripheral Neuropathies focusing primarily on Chemotherapy-Induced Peripheral Neuropathy (CIPN)Relief Holding will in turn focus its resources on the rapid Show less Read more
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