Aesther Healthcare Acquisition Corp (NASDAQ: AEHA) (“Aesther”), a special purpose acquisition company (“SPAC”) and Ocean Biomedical, Inc. (“Ocean”), a next-generation biopharma company, today announced that its stockholders approved all proposals related to the previously announced proposed business combination between Aesther and Ocean at a special meeting of stockholders held on February 3, 2023. A Form 8-K disclosing the full voting results is expected to be filed with the Securities and Exchange Commission.
Ocean Biomedical is focused solely on catalyzing the clinical development of scientific breakthroughs occurring regularly at premier healthcare research institutions such as Brown University. The company is currently advancing proprietary discoveries which address three critical areas of unmet medical need: oncology, pulmonary fibrosis, and infectious disease. The ability to suppress tumor growth by controlling CHI3L1, a master checkpoint inhibitor, was uncovered by the Ocean team and stands to shift the broader oncology landscape. Various fibrotic diseases may be vulnerable to the effects of the OCF-203 pathway inhibitor Chitinase 1 (Chit1), also identified by Ocean. Finally, Ocean’s proprietary platform for infectious diseases has yielded promising vaccine and therapeutic candidates for malaria. That same platform can, in the future, potentially be utilized against infectious diseases like tuberculosis and pandemic-type viruses.
https://finance.yahoo.com/news/aesther-ocean-biomedical-announce-shareholder-141500126.html
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