Aditxt to Host Fireside Chat on Friday, February 21st at 11:30 AM Eastern Time
February 13 2025 - 7:15AM
Business Wire
Co-founder and CEO Amro Albanna to Provide a Company Update
Followed by Q&A Session
Aditxt, Inc. (“Aditxt” or the “Company”) (NASDAQ: ADTX), a
social innovation platform dedicated to accelerating promising
health innovations, today announced that it will host a virtual
Fireside Chat on Friday, February 21, 2025, at 11:30 AM Eastern
Time. The event will feature Amro Albanna, CEO of Aditxt, who will
provide updates on key corporate developments, including the status
of current subsidiaries, potential transactions, and notable
advancements in the Company's pipeline.
During the session, Amro Albanna will discuss developments
within Adimune, Inc., a subsidiary focused on autoimmunity
including the treatment of Type 1 Diabetes, Psoriasis, and Stiff
Person Syndrome.
Additionally, the discussion will cover Pearsanta's developments
in its early cancer detection program and its planned Initial
Public Offering (IPO) targeted for 2025.
Participants are invited to engage directly with the Company by
submitting questions via email by February 20th at 5:00 PM ET to
engagement@aditxt.com.
Registration details are available at
https://us06web.zoom.us/webinar/register/WN_UBF3sZwCRh2WMra0TikKEg.
About Aditxt
Aditxt, Inc.® is a social innovation platform dedicated to
accelerating promising health innovations. Aditxt’s ecosystem of
research institutions, industry partners, and shareholders
collaboratively drives their mission to “Make Promising Innovations
Possible Together.” The innovation platform is the cornerstone of
Aditxt’s strategy, where multiple disciplines drive disruptive
growth and address significant societal challenges. Aditxt operates
a unique model that democratizes innovation, ensures every
stakeholder’s voice is heard and valued, and empowers collective
progress.
Aditxt currently operates two programs focused on immune health
and precision health. The Company plans to introduce two additional
programs dedicated to public health and women’s health. For these,
Aditxt has entered into an Arrangement Agreement with Appili
Therapeutics, Inc. (“Appili”) (TSX: APLI; OTCPink: APLIF), which
focuses on infectious diseases, and a Merger Agreement with Evofem
Biosciences, Inc. (“Evofem”) (OTCQB: EVFM). Each program will be
designed to function autonomously while collectively advancing
Aditxt’s mission of discovering, developing, and deploying
innovative health solutions to tackle some of the most urgent
health challenges. The closing of each of the transactions with
Appili and Evofem is subject to several conditions, including but
not limited to approval of the transactions by the respective
target shareholders and Aditxt raising sufficient capital to fund
its obligations at closing. These obligations include cash payments
of approximately $17 million for Appili and $17 million for Evofem,
which includes approximately $15.2 million required to satisfy
Evofem's senior secured noteholder; should Aditxt fail to secure
these funds, Evofem's senior secured noteholder is expected to seek
to prevent the closing of the merger with Evofem. On December 23,
2024, Evofem announced the cancellation of its special stockholders
meeting and the withdrawal of the merger proposal with Aditxt from
consideration by the stockholders. No assurance can be provided
that all of the conditions to closing will be obtained or satisfied
or that either of the transactions will ultimately close.
For more information, www.aditxt.com.
Forward-Looking Statements
Certain statements in this press release constitute
“forward-looking statements” within the meaning of federal
securities laws. Forward-looking statements include statements
regarding the Company’s intentions, beliefs, projections, outlook,
analyses, or current expectations concerning, among other things,
the Company’s ongoing and planned product and business development;
the Company’s ability to finance and execute its strategic M&A
initiatives; the Company’s ability to obtain the necessary funding
and partner to commence clinical trials; the Company’s intellectual
property position; the Company’s ability to develop commercial
functions; expectations regarding product launch and revenue; the
Company’s results of operations, cash needs, spending, financial
condition, liquidity, prospects, growth, and strategies; the
Company’s ability to raise additional capital; expected usage of
the Company’s ELOC and ATM facilities; the industry in which the
Company operates; and the trends that may affect the industry or
the Company. Forward-looking statements are not guarantees of
future performance, and actual results may differ materially from
those indicated by these forward-looking statements as a result of
various important factors, as well as market and other conditions
and those risks more fully discussed in the section titled “Risk
Factors” in Aditxt’s most recent Annual Report on Form 10-K, as
well as discussions of potential risks, uncertainties, and other
important factors in the Company’s other filings with the
Securities and Exchange Commission. All such statements speak only
as of the date made, and the Company undertakes no obligation to
update or revise publicly any forward-looking statements, whether
as a result of new information, future events or otherwise, except
as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20250213581038/en/
Corporate Communications Jeff Ramson, PCG Advisory T:
646-863-6893 jramson@pcgadvisory.com
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