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$JAN to Sell its Legacy Recycling Business for $25 Million

NASDAQ:JAN   JanOne Inc
JanOne Announces Definitive Agreement to Sell its Legacy Recycling Business for $25 Million

Successful disposition will facilitate continued strategic focus on high-value late-stage biopharma asset JAN101 for the treatment of peripheral artery disease (PAD)

The transaction is expected to close on or before August 18, 2021

JanOne recently completed production of JAN101 under Current Good Manufacturing Practices (cGMP) for the anticipated Phase 2b PAD trials.

The Company plans to submit the Phase 2b protocol and related documents to the FDA under its Investigational New Drug Application (IND) for PAD in March 2021.

https://finance.yahoo.com/news/janone-an...

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