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Bellevue Life Sciences Acquisition Corp. - $BLAC STOCK NEWS

Welcome to our dedicated page for Bellevue Life Sciences Acquisition news (Ticker: $BLAC), a resource for investors and traders seeking the latest updates and insights on Bellevue Life Sciences Acquisition stock.

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Rhea-AI Summary
OSR Holdings and SillaJen have signed a Memorandum of Understanding to collaborate on developing innovative therapeutics and entering the U.S. market. OSR Holdings, a global healthcare holding company, will partner with SillaJen, a biotech firm known for its immuno-oncology drug candidates, to share technology and resources. The collaboration aims to create synergies between their technologies and new drug candidates, focusing on the advancement of new drug assets and technological innovations.
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Rhea-AI Summary
OSR Holdings and SillaJen have signed an MOU to collaborate on innovative therapeutics and enter the U.S. market. OSR Holdings is a global healthcare holding company, while SillaJen is a biotech firm with immuno-oncology drug candidates. The collaboration aims to share technology and resources to create synergies and advance new drug assets. OSR Holdings' portfolio includes Vaximm AG, Darnatein, and RMC. SillaJen's pipeline includes SJ-600 series and BAL0891, focusing on anti-cancer viruses. The partnership signifies a strategic move into the global immuno-oncology market, particularly in the U.S., the largest pharmaceutical market worldwide.
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Rhea-AI Summary
Bellevue Life Sciences Acquisition Corp. (Nasdaq: BLAC) and OSR Holdings Co., Ltd. announced a business combination agreement. Upon closing, outstanding shares of OSR Holdings will be exchanged for BLAC common stock. BLAC will own at least 60% of OSR Holdings and change its name to OSR Biosciences, Inc. Founded in 2019, OSR Holdings is a global healthcare holding company with subsidiaries in biopharmaceutical and medical device sectors. BLAC intends to list its common stock and warrants on Nasdaq Capital Market under new ticker symbols.
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Rhea-AI Summary
Bellevue Life Sciences Acquisition Corp. (BLAC) and OSR Holdings, Ltd. have signed a non-binding letter of intent to complete a business combination in Q4 2023, resulting in OSR Holdings becoming a publicly traded company. The surviving company will be renamed as OSR Biosciences, Inc.
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Bellevue Life Sciences Acquisition Corp.

Nasdaq:BLAC

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60.23M
6.24M
37.36%
56.53%
0.02%
Shell Companies
Financial Services
United States of America
BELLEVUE