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Benuvia To Go Public Via SPAC Deal With Pono Capital, Deal Valued At $440M

Benzinga Real-time News · Mar 18, 2022 06:07

Benuvia,a leading drug developer focused on pharmaceutical cannabinoidshas entered into a definitive business combination agreement withPonoCapital Corp(NASDAQ:PONO)
The transaction implies a combined company pro forma enterprise value of$440 million
BenuviaownsSYNDROS®,the FDA approveddronabinol(THC) oral solution, CII, which is approved for chemotherapy-induced nausea and vomitingin cancer patientsand loss of appetite in AIDS patients who have lost weight,andis pursuingthree additional INDs basedonthe same formulation as SYNDROS®
Benuviamanufactures active pharmaceutical ingredients in its83,000 square foot manufacturing facilitythat ispermitted by...

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more

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