McDermott Represents Pasithea Therapeutics in Alpha-5 Integrin, LLC Acquisition
International law firm McDermott Will & Emery represented Pasithea Therapeutics Corp. (Pasithea), a US biotechnology company focused on the research and discovery of new and effective treatments for psychiatric and neurological disorders, in its acquisition of Alpha-5 Integrin, LLC (Alpha-5), a privately-held preclinical-stage company developing a monoclonal antibody (mAbs) for the treatment of amyotrophic lateral sclerosis and other neuroinflammatory disorders, such as multiple sclerosis.
Pasithea acquired all of Alpha-5’s issued and outstanding equity interests in exchange for 3,260,870 shares of Pasithea common stock plus warrants to acquire an additional 1,000,000 shares. The acquisition includes potential future earnouts based on net sales.
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