- NAYA Biosciences announces separation of fertility and oncology businesses.
- Company renamed INVO Fertility, Inc.; Nasdaq ticker changes from NAYA to IVF.
- Separation effective April 14, 2025, subject to necessary approvals.
NAYA Biosciences has announced a strategic restructuring to enhance operational focus by separating its fertility and oncology businesses into two distinct entities. As part of this separation, the company will be renamed INVO Fertility, Inc., and its Nasdaq ticker symbol will change from NAYA to IVF. This restructuring is poised to take effect on April 14, 2025, pending finalization of definitive transaction documents and necessary approvals.
Under the new structure, INVO Fertility will concentrate on operating and expanding fertility clinics, distributing the FDA-cleared INVOcell device, and managing existing revenue-generating centers located in Wisconsin, Alabama, and Georgia. The company aims to leverage its existing operations to expand further across the U.S., aligning with a recent executive order aimed at reducing the cost of IVF and expanding access to fertility services.
Meanwhile, the oncology division will be spun off into a private entity named NAYA Therapeutics, which will focus on the development of bifunctional antibodies. INVO Fertility will retain a minority stake in NAYA Therapeutics, allowing it to benefit from any potential future value appreciation generated by NAYA's clinical developments.
The strategic separation is intended to enable both businesses to pursue focused growth strategies, ultimately maximizing shareholder value. However, this transition does involve execution risks, as the company has delayed filing its 2024 Annual Report to resolve potential financial complexities arising from the restructuring.
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