Nicox to acquire Doliage for €5 million in newly issued stock

Nicox has entered into an agreement to acquire the privately held French ophthalmic company Doliage, the company announced in a press release.Under the terms of the agreement, Nicox would obtain 100% of Doliage shares in exchange for newly issued Nicox shares totaling €5 million. The number of shares issued would be based on the volume-weighted average closing price of Nicox shares during a 20-day period before the agreement is executed.