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IMMUNE PHARMACEUTICALS, INC.

(IMNPQ)
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Motion for Asset Sale Filed by Immune Pharmaceuticals, Inc.

03/14/2019 | 11:00pm EST

Immune Pharmaceuticals, Inc. filed a motion in the US Bankruptcy Court for the sale of its certain assets on March 15, 2019. The debtor seeks the Court’s approval for the sale of its certain assets to Vector Therapeutics Inc., for a purchase price of $10.25 million which consists of net price of company of $8.54 million, $2.25 million in cash, certain liabilities of $1.29 million and $5 million representing the Meda Cure amount pursuant to the asset purchase agreement, dated March 15, 2019. The debtor’s assets include Ceplene product line. The purchaser would be entitled to expense reimbursement of $0.25 million in case of termination of the asset purchase agreement. The sale shall be closed on May 15, 2019.


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Chart IMMUNE PHARMACEUTICALS, INC.
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Immune Pharmaceuticals, Inc. Technical Analysis Chart | IMNPQ | US45254C2008 | MarketScreener
Managers and Directors
Adeel Ahmed-Daudpota President & Chief Executive Officer
Devin J. Shaw Chief Financial Officer
John Zhang Vice President-Research & Development
John A. Neczesny Independent Director
Jeffrey Paley Independent Director
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