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Sernova and Seraxis Enter Definitive Merger Agreement to Create a Differentiated Type 1 Diabetes Islet Cell-Replacement Biotech Company, BetaNova Biotherapeutics

TORONTO and GERMANTOWN, Md., Sept. 08, 2026 (GLOBE NEWSWIRE) -- Sernova Biotherapeutics Inc. ("Sernova") (TSX: SVA) (OTC: SEOVF) (FSE/XETRA: PSHO) and Seraxis Holdings, Inc. ("Seraxis") today announced a definitive agreement to combine their technologies and businesses to create a clinical-stage company, BetaNova Biotherapeutics ("BetaNova") focused on advancing a differentiated approach to type 1 diabetes (T1D) islet cell replacement (the "Merger"). BetaNova will be a U.S.-domiciled biotechnology company headquartered in Germantown, Maryland, with integrated research laboratories and cGMP manufacturing capabilities. Upon completion of the Merger, the shareholders of Seraxis and Sernova will each own approximately 50% of BetaNova.

News
Stocks· September 08, 2026 at 11:00 AM
Authored by·Editorially reviewed
Onur Erkan Yıldız
Founder, Financial Engineer · CMB-licensed
NeutralMedium impact

AI summary

TORONTO and GERMANTOWN, Md., Sept. 08, 2026 (GLOBE NEWSWIRE) -- Sernova Biotherapeutics Inc. ("Sernova") (TSX: SVA) (OTC: SEOVF) (FSE/XETRA: PSHO) and Seraxis Holdings, Inc. ("Seraxis") today announced a definitive agreement to combine their technologies and businesses to create a clinical-stage company, BetaNova Biotherapeutics ("BetaNova") focused on advancing a differentiated approach to type 1 diabetes (T1D) islet cell replacement (the "Merger"). BetaNova will be a U.S.-domiciled biotechnology company headquartered in Germantown, Maryland, with integrated research laboratories and cGMP manufacturing capabilities. Upon completion of the Merger, the shareholders of Seraxis and Sernova will each own approximately 50% of BetaNova.

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