NetworkNewsBreaks – PolarityTE, Inc. (NASDAQ: PTE) Adopts Short-Term Shareholder Rights Agreement
PolarityTE (NASDAQ: PTE), a biotechnology company developing and commercializing regenerative tissue products and biomaterials, on Thursday announced approval from its board of directors of a short-term shareholder rights agreement following evaluation by its board-established shareholder rights committee. According to the update, the agreement intends to ensure that all PolarityTE shareholders receive fair treatment in any potential transaction, while allowing the board and shareholders adequate time to make informed strategic decisions that the board and the company’s executive management team are currently evaluating. The board approved the agreement as a means to deter any entity, person or group from gaining control…







