LPath Merger Will Take Apollo Endosurgery Public

Obesity device firm Apollo Endosurgery and drug firm LPath Inc. have announced plans to merge in an agreement that is intended to transition the privately held Apollo into a NASDAQ-listed company.

Bariatric device-maker Apollo Endosurgery Inc. and biotech company Lpath Inc. have announced plans to merge under an arrangement that will see Apollo shareholders own about 95.8% of the combined company. Once the deal is final, Lpath will be renamed Apollo Endosurgery, Inc.

The combined company intends to apply for a listing on the NASDAQ global market under a new trading symbol. LPath’s stock was trading at $2.65 a share when the market...

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