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Capina, Essentialis Merger To Create Rare Disease Firm

 
• By Sten Stovall

The combined company would advance a diazoxide choline controlled-release daily pill for treating patients with Prader-Willi syndrome through pivotal Phase II/III clinical trialing.

Handshake of businessmen

Nasdaq-listed Capnia Inc. plans to acquire privately held Essentialis Inc. through a merger designed to create a combined developer of rare disease treatments,

Under the deal's terms announced Dec. 27, Capnia will issue common stock priced at $0.96 per share to a syndicate...

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