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STOCK MARKETS

InMed Stock Surges 115% on Mentari Merger Deal

InMed Pharmaceuticals stock jumps 115% on merger news with Mentari Therapeutics. Combined company will be named Mentari Therapeutics.

Mia Lopez
ByMia Lopez- Senior Editor
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0
InMed Stock Surges 115% on Mentari Merger Deal
Photo: Prepared by Bond.az

Bond.az – InMed Pharmaceuticals (NASDAQ:INM) shares surged 115% Tuesday after announcing a merger deal with Mentari Therapeutics.

The all-stock transaction combines Mentari's migraine pipeline with InMed's public market infrastructure.

Post-close, the combined entity will operate as Mentari Therapeutics.

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InMed Stock Surges 115% on Mentari Merger Deal | Bond.az