Client NewsRoquefort Investments plc: Reverse Takeover Transaction and Suspension of Trading
Roquefort Investments (LSE:ROQ), the investment company established to acquire businesses focused on early-stage opportunities in the medical biotechnology sector, is pleased to announce that the Company has entered into a non-binding term sheet (the “Term Sheet”) with Provelmare Holding S.A. (“Provelmare”) pursuant to which Roquefort Investments will acquire 100% of the total issued equity in Lyramid Limited (“Lyramid”) for an initial consideration of £1 million payable 50% in cash and 50% in shares (the “Transaction”). Lyramid has the exclusive worldwide licence to commercialise up to 37 patents related to Midkine-based therapies for the treatment of COVID-19 patients, cancer, autoimmune disorders and chronic kidney disease (“Midkine-Based Therapies”).
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