Phio Pharmaceuticals Corp (PHIO)

[zino]

RXi Pharmaceuticals Provides Strategic Update
"Following our recent reverse stock split and the full conversion of our preferred stock at the end of 2015, we have successfully reset the Company's capital structure and are now better positioned to execute on one or more strategic transactions that would significantly advance our Company," stated Dr. Geert Cauwenbergh, President and Chief Executive Officer of RXi. "In furtherance of this goal, we have engaged Griffin Securities and are in active discussions regarding a potential merger transaction that, if successful, would be expected to bring substantial synergies to the combined business and significantly advance our clinical pipeline."
http://www.prnewswire.com/news-releases/rxi-pharmaceuticals-provides-strategic-update-300265793.html