New Day Diagnostics is pleased to announce that the Extraordinary General Meeting of Epigenomics AG (Frankfurt General Standard: ECX1), a molecular diagnostics company focused on blood testing for the early detection of cancer, has approved the acquisition agreement between the two organizations.
The agreement, approved by the Extraordinary General Meeting, leads to the sale of nearly all assets held by Epigenomics AG to New Day Diagnostics. The approval of this Agreement was necessary under Section 179a of the German Stock Corporation Act (AktG). Additionally, the Extraordinary General Meeting gave the green light to amend the statutory purpose of Epigenomics AG, aligning it with the future purpose of Epigenomics AG and the strategic goals of the acquisition.
The closing of the agreement remains subject to customary closing conditions, and both parties are diligently working towards its completion. Once finalized, this strategic move will empower New Day Diagnostics, a full-service diagnostics developer, marketer, and CRO service provider to expedite this solution through clinical trials to manufacturing and market entry.