Dr Ashleys Limited, a Hong Kong-based pharmaceutical company, announced a strategic reverse merger with Impact BioMedical Inc. (NYSE American: IBO) on June 21, 2025, creating a combined entity to be traded on NYSE American.
The merger combines Dr Ashleys' global manufacturing capabilities and over 300 million annual medical doses with Impact BioMedical's robust portfolio of 90+ patents across critical health areas.
Both companies focus on addressing infectious diseases including malaria, COVID-19, tuberculosis, and dengue fever, as well as cancer and gastrointestinal disorders.
The transaction requires regulatory approvals and Impact BioMedical shareholder approval, with the combined entity to be operated by Dr Ashleys' management team.