April 11 (Reuters) - Eliem Therapeutics Inc :
* ELIEM THERAPEUTICS ANNOUNCES AGREEMENT TO ACQUIRE TENET MEDICINES AND CONCURRENT $120 MILLION PRIVATE PLACEMENT
* ELIEM THERAPEUTICS INC - COMBINED COMPANY EXPECTED TO HAVE APPROXIMATELY $210 MILLION OF CASH AND CASH EQUIVALENTS
* ELIEM THERAPEUTICS INC - COMBINED COMPANY PLANS TO FOCUS ON ADVANCING TNT119
* ELIEM THERAPEUTICS INC - TENET STOCKHOLDERS ARE ENTITLED TO RECEIVE SHARES OF ELIEM'S COMMON STOCK UPON CLOSING OF ACQUISITION
* ELIEM THERAPEUTICS INC - TENET STOCKHOLDERS ARE ENTITLED TO RECEIVE SHARES OF ELIEM'S COMMON STOCK UPON CLOSING OF ACQUISITION
* ELIEM THERAPEUTICS INC - PRE-ACQUISITION TENET EQUITYHOLDERS ARE EXPECTED TO OWN APPROXIMATELY 15% OF COMBINED COMPANY
* ELIEM THERAPEUTICS INC - AND PRE-ACQUISITION ELIEM EQUITYHOLDERS ARE EXPECTED TO OWN APPROXIMATELY 85% OF COMBINED COMPANY
* ELIEM THERAPEUTICS INC - ACQUISITION AGREEMENT HAS BEEN UNANIMOUSLY APPROVED BY BOARDS OF DIRECTORS OF BOTH COMPANIES
* ELIEM THERAPEUTICS INC - IN PRIVATE PLACEMENT, ELIEM HAS AGREED TO SELL 31,238,282 SHARES OF ITS COMMON STOCK AT A PRICE OF $3.84 PER SHARE
* ELIEM THERAPEUTICS- COMBINED CO TO INITIATE PHASE 2 TRIALS OF TNT119 FOR TREATING SYSTEMIC LUPUS ERYTHEMATOSUS AND IMMUNE THROMBOCYTOPENIA IN H2 2024
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