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Home › RSS › NovaBay Pharmaceuticals Signs Definitive Agreement to Sell its Avenova Assets

NovaBay Pharmaceuticals Signs Definitive Agreement to Sell its Avenova Assets

September 20, 2024 by |

EMERYVILLE, Calif.–(BUSINESS WIRE)–NovaBay® Pharmaceuticals, Inc. (NYSE American: NBY) (“NovaBay” or the “Company”) announces it has entered into a definitive asset purchase agreement (the “Agreement”) with PRN Physician Recommended Nutriceuticals, LLC (“PRN”) to sell the assets of its Avenova® brand and business for $9.5 million in cash. The transaction has been approved by the Company’s board of directors and is anticipated to close in the fourth quarter of 2024, subject to the satisfaction

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