LEO Pharma to Acquire Timber Pharmaceuticals

August 21, 2023

(24/7 MARKET NEWS) – Timber Pharmaceuticals, Inc. (NASDAQ:TMBR) stated, this morning, that it entered into a definitive agreement to be acquired by LEO US Holding, Inc., in a transaction valued up to $36 million, or approximately $2.62, that’s expected to close in the 4th quarter of 2023.

Timber Pharmaceuticals is trading at $2.50, up $1.08 (+76.06%), on 682.04K premarket shares traded.

Its 52-week range is $1.20 to $8.725.

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