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LPath Merger Will Take Apollo Endosurgery Public

 
• By Elizabeth Orr

Obesity device firm Apollo Endosurgery and drug firm LPath Inc. have announced plans to merge in an agreement that is intended to transition the privately held Apollo into a NASDAQ-listed company.

Bariatric device-maker Apollo Endosurgery Inc. and biotech company Lpath Inc. have announced plans to merge under an arrangement that will see Apollo shareholders own about 95.8% of the combined company. Once the deal is final, Lpath will be renamed Apollo Endosurgery, Inc.

The combined company intends to apply for a listing on the NASDAQ global market under a new trading symbol

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More from North America

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