Recent examples of a private biotech reverse-merging with a defunct public firm that was not originally a biotech firm that had become a 'shell' company with no operations.
From the following article
The hermit crab solution
Elizabeth Silverman
Published online: 27 February 2006
doi:10.1038/bioent903
- Akesis Pharmaceuticals (OTBB:AKES) + Liberty Mint
- Bionovo (OTBB:BNVI) + Lighten Up Enterprises
- Ceragenix (OTBB:CGXP), created by the merger of Osmotics Pharma + OnSource Corp.
- Inhibiton (OTBB:IHBT) + Organic Soils.com
- Nolvelos (OTBB:NVLT) + Common Horizons
- Rexahn Pharmaceuticals (OTBB:RXHN) + Corporate Road Show.com
- Vyteris (OTBB:VYHN) + Treasure Mountain
- Xpention Genetics (OTBB:XPNG) + Bayview Corporation
