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Vyant Bio Inc (NASDAQ:VYNT) shares are trading higher Wednesday after the company engaged LifeSci Capital as an advisor to explore strategic alternatives.
What To Know: Vyant Bio has engaged LifeSci Capital as its financial advisor to assist in exploring a range of strategic alternatives focused on enhancing shareholder value.
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"The Company's Board and Management believes that the Company has made tangible progress in its drug discovery strategy focused on the identification of new, disease modifying therapeutics to treat neurodevelopmental and neurodegenerative diseases," said Jay Roberts, CEO of Vyant Bio.
"However, the Board and Management also believe that it would be a prudent time to contemplate strategic alternatives while continuing to execute on the current business plan."
Vyant Bio also announced that it would participate in BIO's One-on-One Partnering event. Vyant is a biotechnology company that aims to reinvent drug discovery for complex neurodevelopmental and neurodegenerative disorders.
See Also: Best Biotech Stocks Right Now
VYNT Price Action: Vyant Bio shares are up 94.9% at $1.50 at the time of publication, according to Benzinga Pro.
Photo: Konstantin Koloso from Pixabay.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.