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Apollomics Merges with SPAC to List on NASDAQ; Climbs 121% Higher in Trading

publication date: Mar 31, 2023

Apollomics, a US-China biopharma, merged with a SPAC to list on the NASDAQ exchange to advance its portfolio of six clinical assets that are aimed at difficult-to-treat, high mortality cancers. At the merger price of $10/share, Apollomics had a market cap of about $900 million, but the shares have climbed 121% higher in trading, giving the company a value of $1.9 billion. Apollomics is headquartered in Foster City, CA with operations in Hangzhou. Using targeted therapy, immuno-oncology agents and other innovative approaches, Apollomics has built a portfolio of nine novel candidates. More details....

Stock Symbol: (NSDQ: APLM)

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