NetworkNewsBreaks – Heatwurx, Inc. (HUWX) Closes Asset Purchase Agreement with Promet Therapeutics
Heatwurx, Inc. (OTC: HUWX) recently closed on an Asset Purchase Agreement with Promet Therapeutics, LLC. Following the close of the transaction, Heatwurx intends to change its name to Processa Pharmaceuticals and to apply for an appropriate new trading symbol. The company’s focus will be on developing drug products to improve the survival and quality of life for patients with a high unmet medical need or no alternative treatment options. The Promet equity holders as a group beneficially own 90%, and Heatwurx shareholders as a group beneficially own 10% of the equity of the company. Boustead Securities, an investment banking firm,…







