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.
- Industry
- Healthcare Services
- Location
- Switzerland
- Transaction Type
- Buyout
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