Aditxt Retains Riverside Management Group as Advisor to Support Strategic M&A Driven Acquisitions by Subsidiary Pearsanta, Inc.
04 March 2023 - 12:30AM
Business Wire
Pearsanta, Inc., formed to accelerate the
growth of AditxtScore™, is well positioned for market expansion
through new offerings and customer acquisitions.
Aditxt, Inc., (NASDAQ: ADTX) (“Aditxt” or the “Company”), an
innovation company developing and commercializing technologies with
a focus on monitoring and modulating the immune system, today
announces it has retained Riverside Management Group, LLC
(“Riverside Management Group” or “RMG”), a merchant banking firm
providing investment banking advisory services, to support the
Company’s ongoing growth and revenue generating plans for its
subsidiary Pearsanta, Inc. (“Pearsanta”) and other Aditxt
programs.
“We are pleased to partner with Riverside Management Group and
its team of investment and financial advisory experts. We’ve
mandated Riverside Management Group to focus on strategic,
growth-driven M&A opportunities for Pearsanta and other current
and future programs,” said Amro Albanna, co-founder, chairman, and
CEO of Aditxt. “We believe Pearsanta is well-positioned to achieve
meaningful financial milestones in 2023 and look forward to sharing
highlights with our valued Aditxt shareholders.”
Pearsanta is focused on the continued commercialization of
AditxtScore™, a proprietary platform that provides a personalized
profile of the immune system based on the body’s ability to respond
to viruses, bacteria, allergens, and more. The Company believes
immune profiles are the key to unlocking the potential of precision
medicine. Pearsanta is also dedicated to enhancing its operational
capabilities and efficiencies through automation and new delivery
systems to rapidly scale and fulfill a growing market demand for
personalized and precise medicine.
Through its mission of “Health by the Numbers,” Pearsanta is
pursuing growth through M&A to expand access to healthcare
systems, clinics, point of care, senior care facilities, payors,
and complementary product and service offerings.
RMG, headquartered in Connecticut with offices located
throughout the U.S. and Europe, has assisted a variety of clients
in the healthcare, industrial, technology, and hospitality
industries in achieving their financial and strategic goals.
About Riverside Management Group
Riverside Management Group is a merchant banking firm, founded
in 1996, providing investment banking advisory services to
companies, funds, and entrepreneurs. RMG seeks to leverage its
experience in principal investing and managing businesses to
provide expert advice to clients. Additionally Riverside Management
Group offers a full range of capabilities to assist clients in
raising capital in the private markets and has significant
expertise advising on exclusive sales, divestures, acquisitions,
mergers, joint ventures, and strategic alliances.
Riverside Management Group is headquartered in Westport,
Connecticut, with locations in New York City; Washington D.C.;
Miami, Florida; San Francisco, California; Philadelphia,
Pennsylvania; Princeton, West Virginia; Madrid, Spain; London,
U.K.; and Frankfurt and Leipzig, Germany.
For more information, visit www.rmginvestments.com.
About Aditxt
Aditxt is an innovation company developing and commercializing
technologies focused on monitoring and modulating the immune
system. Aditxt’s immune monitoring technologies are designed to
provide a personalized immune profile. Aditxt’s immune modulating
technologies, currently preclinical, are being developed to retrain
the immune system to induce tolerance to address rejection of
transplanted organs, autoimmune diseases, and allergies.
For more information, visit the company’s websites at
www.Aditxt.com and www.AditxtScore.com.
Forward-Looking Statements
Certain statements in this press release constitute
"forward-looking statements" within the meaning of federal
securities laws. Forward-looking statements include statements
regarding the Company's intentions, beliefs, projections, outlook,
analyses or current expectations concerning, among other things,
the Company's ongoing and planned product and business development;
the Company's intellectual property position; the Company's ability
to develop commercial functions; expectations regarding product
launch and revenue; the Company's results of operations, cash
needs, spending, financial condition, liquidity, prospects, growth
and strategies; the industry in which the Company operates; and the
trends that may affect the industry or the Company. Forward-looking
statements are not guarantees of future performance and actual
results may differ materially from those indicated by these
forward-looking statements as a result of various important
factors, as well as market and other conditions and those risks
more fully discussed in the section titled "Risk Factors" in the
Company's most recent Annual Report on Form 10-K, as well as
discussions of potential risks, uncertainties, and other important
factors in the Company's other filings with the Securities and
Exchange Commission. All such statements speak only as of the date
made, and the Company undertakes no obligation to update or revise
publicly any forward-looking statements, whether as a result of new
information, future events or otherwise, except as required by
law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230303005096/en/
Media and Investor Relations Contact: ir@aditxt.com
www.aditxt.com
Aditxt (NASDAQ:ADTX)
Historical Stock Chart
From Mar 2024 to Apr 2024
Aditxt (NASDAQ:ADTX)
Historical Stock Chart
From Apr 2023 to Apr 2024