Confirmed26 Jun 2026 14:26
LONDON - Scancell Holdings plc (AIM:SCLP) confirmed today it is in advanced discussions with Neuphoria Therapeutics Inc. regarding a potential reverse merger transaction, according to a press release statement.
Under the proposed deal, Scancell would acquire Neuphoria through an all-share transaction. The company said the reverse merger could facilitate a Nasdaq listing, which it believes could increase its profile with U.S. specialist investors.
Scancell, a clinical stage biotechnology company developing immunotherapies to treat cancer, is also in discussions regarding possible equity and debt financing to support a planned global Phase 3 registrational study for its lead asset, iSCIB1+.
The potential acquisition and associated financing remain subject to final terms and definitive documentation. The company stated there is no certainty that a firm agreement between Scancell and Neuphoria will be reached, nor certainty over the quantum and terms of associated financing.
Scancell said the potential transaction is not anticipated to constitute a reverse takeover for the purpose of the AIM Rules for Companies.
Neuphoria is a Nasdaq-listed biotechnology company focused on developing therapies for neuropsychiatric disorders.
Phillip L’Huiller, Chief Executive Officer of Scancell, was responsible for arranging the release of the announcement. The company said further announcements will be made as appropriate in due course.
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