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New Deal


Announced

Advaxis to merge with Biosight.

Synopsis

Advaxis, a company devoted to immunotherapies, agreed to merge with Biosight, a pharmaceutical development company. Financial terms were not disclosed. “The proposed merger with Advaxis is a unique opportunity for Biosight to build a leading public company in oncology, with a diversified clinical pipeline in both hematological malignancies and solid tumors. The combined company will have the demonstrated expertise and strong balance sheet to advance its lead programs towards multiple anticipated milestones over the next 12 to 18 months. I would like to express my deepest appreciation to the wonderful Biosight team, including Dr. Liat Flaishon and Dr. Shoshi Tessler who lead our R&D activities, and Dr. Stela Gengrinovitch, the founder of the company. The excellent work and dedication of the entire Biosight team enabled the significant achievements. I would also like to thank our Board of Directors and Shareholders for their support over the years,” Ruth Ben Yakar, Biosight CEO.

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