'I' was hoping they were going to be trading CVR's but it does not appear that they will be. I bolded what the CVR means to a holder:
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•Gemphire shareholders of record will receive non-transferable contingent value rights (CVRs) to receive 80% of the net proceeds received for 15 years after the merger from any deals entered into during the 10-year period after the merger involving the sale or license of gemcabene (with certain deductions).
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