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Revium Rx (RVRC) has completed the acquisition of LipoVation , an Israeli development-stage company specializing in lipid-based nano/micro particle medicines. The acquisition positions Revium at the forefront of advanced drug delivery technologies and marks a strategic shift toward nanoparticle-based therapeutics.
The company's pipeline includes three key programs: a novel systemic antibiotic formulation, an adjuvant for cancer immunotherapies, and an innovative immunization approach. These therapeutics are built on proprietary technologies including clinically validated nanoparticles, advanced drug-loading systems, and specialized lipid-based carriers.
Following the acquisition, David Akunis has been appointed CEO, while former CEO Inna Martin has transitioned to COO and President. LipoVation's core technology was developed by Prof. Yehezkel Barenholz, inventor of Doxil, the first FDA-approved liposomal chemotherapy drug.
Revium Recovery, Inc. (OTC Pink: RVRC) has signed a non-binding letter of intent to acquire LipoVac, Ltd., a private company specializing in advanced liposomal technologies. The acquisition involves an exchange of outstanding LipoVac shares for RVRC stock, resulting in LipoVac shareholders owning 20% to 40% of RVRC post-transaction. A condition for closing is a $7 million private placement by RVRC. The merger is expected to enhance shareholder value through R&D investments and strategic acquisitions, positioning the combined entity for significant growth in the biotech sector.
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