The merger would have provided Anteris with at least US$50 million in additional capital, however would have brought with it significant changes and uncertainties to the combined share register and business structure.
The company recently implanted five patients with its single piece, aortic heart valve with success results reported at 30 days post implant.
Anteris is capitalised at $320 million.
Bioshares recommendation: Speculative Hold Class B
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