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Zynerba Pharmaceuticals Inc - ZYNE STOCK NEWS

Welcome to our dedicated news page for Zynerba Pharmaceuticals (Ticker: ZYNE), a resource for investors and traders seeking the latest updates and insights on Zynerba Pharmaceuticals.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Zynerba Pharmaceuticals's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Zynerba Pharmaceuticals's position in the market.

Rhea-AI Summary
Harmony Biosciences completes acquisition of Zynerba Pharmaceuticals, expanding its portfolio with Zygel
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.87%
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Rhea-AI Summary
Zynerba Pharmaceuticals reminds stockholders to tender their shares into the offer by Harmony Biosciences Holdings to purchase all outstanding shares of Zynerba common stock. The tender deadline is October 10, 2023, and stockholders will receive an up-front purchase price of $1.1059 per share plus one non-tradeable contingent value right per share. If all milestones are achieved, the total consideration payable to stockholders is up to $3.6503 per share in cash.
Rhea-AI Impact
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End-of-Day
3.31%
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Rhea-AI Summary
Zynerba Pharmaceuticals urges stockholders to tender their shares in response to the pending tender offer by Harmony Biosciences Holdings. Harmony is offering an up-front purchase price of $1.1059 per share plus one non-tradable contingent value right (CVR) per share. The maximum additional payment to shareholders is up to an additional approximately $2.5444 per share in cash. The Offer is conditioned upon more than 50% of the outstanding shares of Zynerba common stock being tendered. As of September 27, approximately 32.1% of Zynerba's outstanding shares of common stock were tendered. The Offer has been extended until October 10, 2023. The Zynerba Board unanimously recommends that Zynerba stockholders tender their shares pursuant to the Offer.
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End-of-Day
-0.39%
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Rhea-AI Summary
Harmony Biosciences Holdings, Inc. extends tender offer for Zynerba Pharmaceuticals, Inc.
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End-of-Day
-0.74%
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Rhea-AI Summary
Zygel (ZYN002) achieved statistically significant and clinically meaningful improvements in multiple efficacy assessments in a Phase 2 trial for children and adolescents with 22q11.2 deletion syndrome. The treatment showed positive results in anxiety-related and other behavioral symptoms, with statistically significant improvements in various scales. Caregivers reported improvement in self-identified problems. Zygel was generally well-tolerated with mild adverse events. Further study is warranted.
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Rhea-AI Sentiment
End-of-Day
2.96%
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Rhea-AI Summary
Harmony Biosciences announces agreement to acquire Zynerba Pharmaceuticals for $60 million in cash, with potential additional payments of up to $140 million based on milestones. Acquisition aims to develop treatment for Fragile X syndrome and other rare neuropsychiatric disorders. Zygel, Zynerba's lead asset, is currently being evaluated in a pivotal Phase 3 clinical trial for FXS. Transaction expected to close by Q4 2023.
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1.54%
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-3.47%
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2.25%
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-3.03%
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0.91%
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Zynerba Pharmaceuticals Inc

Nasdaq:ZYNE

ZYNE Rankings

ZYNE Stock Data

70.12M
35.45M
6.07%
12.13%
0.78%
Pharmaceutical Preparation Manufacturing
Manufacturing
Link
US
Devon

About ZYNE

at zynerba pharmaceuticals (nasdaq: zyne), we are dedicated to developing next-generation synthetic cannabinoid therapeutics for transdermal delivery for patients with significant unmet medical needs. our mission is to improve the lives of patients battling severe health conditions including refractory epilepsy, osteoarthritis, fragile x syndrome, fibromyalgia and peripheral neuropathic pain through these therapeutics. our development pipeline includes patent-protected synthetic transdermal cannabinoid products, cbd gel – zyn002 and thc pro-drug patch – zyn001, which we believe will provide new treatment options for patients as well as additional treatment options for patients not currently receiving adequate relief or otherwise experiencing intolerable side effects from current treatment regimes.