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BRIEF-Alliqua Biomedical to acquire Soluble Systems
October 5, 2016 / 8:51 PM / in 10 months

BRIEF-Alliqua Biomedical to acquire Soluble Systems

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Oct 5 (Reuters) - Alliqua Biomedical Inc

* Alliqua Biomedical, Inc. To acquire Soluble Systems, LLC

* Soluble will receive consideration with a total value of approximately $35 million

* Alliqua Biomedical Inc says in addition, Soluble will have right to appoint one new director to company's board of directors

* Transaction is expected to close in Q1 of 2017

* Deal consideration includes issuance of about 17.6 million shares of Co's common stock assumption of $12.4 million of senior debt

* Alliqua Biomedical Inc says combined company's headquarters will be based in Yardley, Pennsylvania Source text for Eikon: Further company coverage:

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