Stellar ushers in new common stock to take over Canadian firm; will also take over its name

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Stellar ushers in new common stock to take over Canadian firm; will also take over its name

By Chris Officer / Friday, March 8th, 2019 / Comments Off on Stellar ushers in new common stock to take over Canadian firm; will also take over its name

Port Hueneme-based Stellar Biotechnologies acquired a privately held Canadian therapeutics firm Edesa as a subsidiary in a share exchange March 8 and said it may decide to wind down its legacy manufacturing operations. Stellar issued new common stock in exchange for Edesa shares, leaving Edesa shareholders with a 90 percent interest in Stellar and current…

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