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Troubled Adamis To Merge With Private DMK, Focus On Neurological Disease

 
• By Joseph Haas

Deal Snapshot: Following a clinical failure for its COVID-19 candidate, Adamis sought strategic alternatives. DMK boasts a library of 750 first-in-class small molecule peptide analogues.

Merger
Adamis and DMK join the list of small biopharmas merging for financial reasons • Source: Shutterstock

Who: Adamis Pharmaceuticals/DMK Pharmaceuticals

What: Publicly traded Adamis and privately held DMK will merge into a newly named public company focused on developing the latter’s small molecule peptide analogues for conditions

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