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4D pharma plc merges with SPAC company Longevity Acquisition Corp

4D pharma plc (LON:DDDD) CEO Duncan Peyton tells Proactive the group is to get a cash injection of US$14.6mln through a merger with Longevity Acquisition Corporation (NASDAQ:LOAC), a special purpose acquisition company.

Peyton says the merger will accelerate and de-risk 4D's admission to NASDAQ while providing immediate access to additional funds to support the group's pipeline of therapies. He adds it also will likely increase interest from US healthcare investors provide access to a much larger pool of specialist capital.

Quick facts: 4D pharma PLC

Price: 93 GBX

LSE:DDDD
Market: LSE
Market Cap: £122.19 m
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4D Pharma shares could re-test 2016’s £10 highs if they do this one thing

The 4D Pharma (LON:DDDD) share price could go on to re-test last year’s highs of £10 if they can break above the 200-day moving average, claims Zak Mir. “Really, one would want to see the shares break outside that range in order to determine fresh direction,” Mir explains in the Proactive...

on 13/1/17

2 min read