NLS Pharmaceutics Announces Merger With Kadimastem to Create NewcelX

June 27, 2025

NLS Pharmaceutics Ltd. (NASDAQ: NLSP) and Kadimastem Ltd. (TASE: KDST) are progressing toward a merger to form a combined Nasdaq-listed biotechnology company to be named NewcelX. The deal combines NLS’s DOXA dual orexin receptor agonist (AEX-2/AEX-41) CNS platform with Kadimastem’s cell-therapy pipeline (AstroRx for ALS and IsletRx for diabetes), and the companies are using committed equity financing to support the transaction and clinical development.

Buyers
NLS Pharmaceutics Ltd., Kadimastem Ltd.
Targets
Kadimastem Ltd., NLS Pharmaceutics Ltd.
Location
Switzerland
Transaction Type
Buyout

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