BioMedNewsBreaks – Aesther Healthcare Acquisition Corp. and Ocean Biomedical Inc. (NASDAQ: OCEA) Announce Approved Business Combination

Aesther, a special purpose acquisition company (“SPAC”) and Ocean Biomedical Inc. (NASDAQ: OCEA), a next-generation biopharma company, recently announced stockholder approval of all proposals related to the previously disclosed proposed business combination between Aesther and Ocean. According to the update, the approvals were secured at a special meeting of stockholders held on Feb. 3, 2023. The combined company, Ocean Biomedical, and its Class A common stock commenced trading on the Nasdaq Capital Market under the symbol OCEA. “I’m pleased that the majority of shareholders have, through their votes in favor of going public, reaffirmed their belief in our vision for the company,” said Dr. Chirinjeev Kathuria, Ocean Biomedical co-founder and executive chairman of the board of directors. “The business combination with Aesther brings us one step closer to realizing our foremost goals as an innovative life sciences company.”

To view the full press release, visit https://ibn.fm/9hE5M

About Ocean Biomedical Inc.

Ocean Biomedical is a Providence, Rhode Island-based biopharma company with an innovative business model that accelerates the development and commercialization of scientifically compelling assets from research universities and medical centers. Ocean Biomedical deploys the funding and expertise to move new therapeutic candidates efficiently from the laboratory to the clinic, to the world. Ocean Biomedical is currently developing five promising discoveries that have the potential to achieve life-changing outcomes in lung cancer, brain cancer, pulmonary fibrosis, and the prevention and treatment of malaria. The Ocean Biomedical team is working on solving some of the world’s toughest problems, for the people who need it most. To learn more, visit www.oceanbiomedical.com.

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