U.S. Markets open in 5 hrs 23 mins

Here's more about what could be Pittsburgh's next public company

Patty Tascarella
Here's more about what could be Pittsburgh's next public company

A move that stands to fast-forward a new entry into Pittsburgh’s public company ranks by mid-year has benefits for both parties. South Side startup NeuBase Therapeutics’ top executive said a reverse merger with a struggling, publicly traded pharmaceutical company will speed delivery of its treatments for genetic diseases. Dietrich Stephan, NeuBase CEO and founder, said during a joint press conference on Thursday that the merger between NeuBase and Ohr Pharmaceutical Inc. “accelerates getting our technologies into the clinic for those who desperately need them.” For Ohr, which announced the pending deal on Wednesday, it culminates a year-long evaluation of strategic alternatives that Jason Slakter, president and CEO, described as “exhausting.” But he believes the merger opens opportunities to create value for stockholders.