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Ocean Biomedical Inc. - AEHAU STOCK NEWS

Welcome to our dedicated page for Ocean Biomedical news (Ticker: AEHAU), a resource for investors and traders seeking the latest updates and insights on Ocean Biomedical stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Ocean Biomedical's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Ocean Biomedical's position in the market.

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Ocean Biomedical and Aesther Healthcare Acquisition Corp. (NASDAQ: AEHA) announced the award of multiple patents to Dr. Jack A. Elias for methods targeting chitinase 3-like-1 (CHI3L1) to suppress tumors across various cancer types, including colorectal and lung cancers. These patents support the development of mono-specific and bi-specific antibodies that could revolutionize cancer treatments. The partnership aims to advance these scientific discoveries into practical therapies, leveraging Aesther’s acquisition to enhance shareholder value. The integration aligns with Aesther's focus on cancer immunotherapy, enhancing their therapeutic portfolio.

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Aesther Healthcare Acquisition Corp (NASDAQ: AEHA) and Ocean Biomedical, Inc. announced that stockholders approved their business combination during a meeting on February 3, 2023. This milestone brings Ocean Biomedical closer to becoming a public company, with aims to address unmet medical needs in oncology, pulmonary fibrosis, and infectious diseases. The combined entity has secured substantial funding, including $123.9 million in grants and a $40 million backstop from Vellar Opportunity Fund, enabling it to develop first-in-class drug and vaccine candidates. Details of the stockholder vote will be disclosed in a Form 8-K filed with the SEC.

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Aesther Healthcare Acquisition Corp (NASDAQ: AEHA) has filed a definitive proxy statement with the SEC regarding its proposed business combination with Ocean Biomedical, Inc. The Special Meeting for Aesther's stockholders is set for February 3, 2023. Aesther and Ocean confirm their commitment to maintain sufficient funds in the Trust Account to cover any potential Excise Tax liabilities, explicitly stating that no funds will be withdrawn from the Trust Account for these taxes. Aesther aims to maximize the value from the merger, leveraging substantial public and private market experience.

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Aesther Healthcare Acquisition Corp. (NASDAQ: AEHA) and Ocean Biomedical announced a significant breakthrough in cancer treatment involving a novel bispecific antibody targeting CTLA-4 to inhibit malignant melanoma metastasis. This discovery, led by Dr. Jack A. Elias, expands on prior findings regarding Chitinase 3-like-1 (CHI3L1) as a major regulator of T-cell activity. The research indicates potential applications across various cancers, including non-small cell lung cancer, with promising murine model results. The acquisition is expected to enhance Aesther's focus on advancing cancer therapies and improving patient outcomes.

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Aesther Healthcare Acquisition Corp. (NASDAQ: AEHA) and Ocean Biomedical announced key updates regarding their expected business combination, set to close on February 7, 2023, enabling Ocean to trade as "OCEA" on Nasdaq. Ocean Biomedical specializes in accelerating drug development from leading universities, focusing on areas like oncology and infectious diseases. The combined entity's pro forma enterprise value is estimated at $345 million, supported by $123.9 million in grants and a $40 million committed backstop. Important shareholder votes are scheduled for February 3. The merger aims to enhance Ocean's operational potential and facilitate access to public market funding.

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Aesther Healthcare Acquisition Corp (NASDAQ: AEHA) has filed a definitive proxy statement with the SEC regarding its merger with Ocean Biomedical, Inc. This transaction was unanimously approved by both companies' boards and is expected to finalize on February 7, 2023, pending stockholder and regulatory approvals. Aesther's stockholders can redeem their shares for cash until February 1, 2023, ahead of the Special Meeting on February 3, 2023. The merger aims to enhance the development and commercialization of Ocean Biomedical's innovative therapeutics targeting serious health conditions. Details can be accessed through Aesther’s SEC filings.

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Aesther Healthcare Acquisition Corp. (NASDAQ: AEHA) announced that Ocean Biomedical will become its wholly owned subsidiary, rebranded as Ocean Biomedical, Inc. and listed on NASDAQ under the symbol OCEA. Dr. Jake Kurtis will present innovative research on new antimalarial drugs at the American Society of Tropical Medicine and Hygiene meeting, focusing on specific targeting of the PfGARP parasite protein. This discovery aims to address increasing artemisinin resistance in malaria treatments and has significant implications for public health, potentially saving countless lives.

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Aesther Healthcare Acquisition Corp (NASDAQ: AEHA) announced two Backstop Agreements totaling $80 million with Meteora and Vellar Opportunity Fund in support of its business merger with Ocean Biomedical. Post-completion, Ocean will become a wholly owned subsidiary and Aesther will rebrand as Ocean Biomedical, with stock listed on Nasdaq under OCEA and OCEAW. The merger aims to accelerate development in oncology and infectious diseases, backed by $123.9 million in grants. CEO Suren Ajjarapu and Dr. Chirinjeev Kathuria emphasized the merger's potential to advance urgent health solutions.

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