BioPharmX Corp to Merge with Timber Pharmaceuticals

January 28, 2020

BioPharmX Corporation (NYSE American: BPMX) entered into a definitive merger agreement with Timber Pharmaceuticals LLC whereby a BioPharmX subsidiary will merge into Timber, leaving Timber as a wholly‑owned subsidiary of BioPharmX. The transaction will bring at least $20 million of financing to the combined company, after which BioPharmX will change its name to Timber Pharmaceuticals and Timber’s management will become the combined company's leadership.

Buyers
BioPharmX Corporation
Targets
Timber Pharmaceuticals LLC
Industry
Pharmaceuticals
Location
New Jersey, United States
Transaction Type
Buyout

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