(24/7 MARKET NEWS) – AgeX Therapeutics, Inc. (AGE:ASE) entered into a merger agreement with Serina Therapeutics, Inc., a privately-held, clinical-stage biotechnology company developing a pipeline of therapies for the treatment of Parkinson’s and other neurological diseases, under which Serina will merge with a wholly-owned subsidiary of AgeX in an all-stock transaction. The combined company will continue under the Serina Therapeutics name and will focus on advancing Serina’s pipeline of small molecule drug candidates targeting central nervous system (“CNS”) indications.
AgeX Therapeutics is trading at $0.78, up $0.0599 (+8.31%), on 17.6K premarket shares traded.
Its 52-week range is $0.372 to $1.00. This morning’s premarket high is $0.9101, but if it’s going to make a significant move the volume needs to pick up.
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