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Life Science

All articles tagged with #life science

business2 years ago

INVO Bioscience and NAYA Biosciences Merger Under Investigation for Shareholder Fairness

INVO Bioscience and NAYA Biosciences have entered into a definitive merger agreement for INVO to acquire NAYA in an all-stock transaction. The combined company, operating under the name "NAYA Biosciences," aims to increase patient access to life-transforming treatments in oncology, fertility, and regenerative medicine. The merger will allow NAYA to strengthen INVO's fertility operations, expand its network of fertility clinics, and advance the development of NAYA's clinical-stage portfolio of oncology therapeutics. The transaction is subject to shareholder approval and other closing conditions and is expected to close in Q4 2023.

business2 years ago

Labcorp's Spin-off Fortrea Creates Global Life Science Firm, Accelerating Therapies for Patients

Labcorp has completed the spinoff of Fortrea, a life science firm based in Durham, with 19,000 employees. Fortrea will focus on Phase I-IV clinical trial management and technology solutions. Labcorp shareholders will receive one share of Fortrea stock, and the company made a cash distribution of $1.6 billion to Labcorp as part of the deal. Fortrea will begin trading on the Nasdaq under the symbol "FTRE" and will be led by CEO Tom Pike.