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AzurRx BioPharma, Inc. (NASDAQ:AZRX) ("First Wave" or the "Company"), a clinical-stage biopharmaceutical company specializing in the development of targeted, non-systemic therapies for gastrointestinal (GI) diseases, announced that it will begin operating under its new corporate name, First Wave BioPharma, Inc., effective today upon the completion of certain filings with the Delaware Secretary of State. The Company's common shares will commence trading on the Nasdaq Capital Market under the new ticker symbol "FWBI" and CUSIP number (33749P101) at the market open on September 22, 2021.
Formerly known as AzurRx BioPharma, Inc., the Company previously announced that it would rename itself First Wave BioPharma, Inc. and change its ticker symbol to "FWBI" in connection with its acquisition of First Wave Bio, Inc. in a stock and cash transaction consummated September 13, 2021.
"The adoption of our new corporate name, First Wave BioPharma, and commencement of trading under a new ticker symbol mark the latest developments in what has been a transformative month for our company," said James Sapirstein, President and CEO of First Wave BioPharma, Inc. "The merger with First Wave Bio expanded our GI targeted therapeutic pipeline to now include six clinical programs and positions First Wave for new growth opportunities in the inflammatory bowel disease space. We believe that these and other recent events have improved our company's long-term strategic prospects and set the stage for increased shareholder value as we advance our clinical programs forward."
For a more detailed description of the terms of this acquisition, please see the Company's Current Report on Form 8-K, filed with the U.S. Securities and Exchange Commission on September 13, 2021.
Posted In: AZRX
