BUZZ-Drug developer Polyrizon climbs on deal to buy 51% of air ambulance operator

Reuters

Feb 10

** Shares of  drug developer Polyrizon PLRZ.O rise 10.04% to $14.58 premarket

** Co says it signed a non‑binding deal to buy 51% of medical transport services provider Arrow Aviation

** Arrow provides services including air ambulance flights and medical evacuations, using its fleet of private jets

** PLRZ says Arrow generated about $19 million in annual unaudited revenue and $3 million in adjusted earnings

** Says a third party will transfer a Hawker 800 aircraft valued at $3.5 million to Arrow in exchange for convertible notes of Polyrizon

** Arrow's shareholders will waive the aviation firm's debts in exchange for additional Polyrizon convertible notes – PLRZ

** Shares halved in value in 2025

(Reporting by Sahil Pandey in Bengaluru)

((Sahil.Pandey@thomsonreuters.com))

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medical evacuations, using its fleet of private jets** PLRZ says Arrow generated about $19 million in annual unaudited revenue and $3 million in adjusted earnings** Says a third party will transfer a Hawker 800 aircraft valued at $3.5 million to Arrow in exchange for convertible notes of Polyrizon ** Arrow's shareholders will waive the aviation firm's debts in exchange for additional Polyrizon convertible notes – PLRZ** Shares halved in value in 2025  ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"PLRZ":"Polyrizon Ltd."},"translate_title":"BUZZ-药物开发商Polyrizon收购空中救护运营商51%的股份","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PLRZ":0.9},"content_text":"BUZZ-Drug developer Polyrizon climbs on deal to buy 51% of air ambulance operator** Shares of  drug developer Polyrizon PLRZ.O rise 10.04% to $14.58 premarket** Co says it signed a non‑binding deal to buy 51% of medical transport services provider Arrow Aviation ** Arrow provides services including air ambulance flights and medical evacuations, using its fleet of private jets** PLRZ says Arrow generated about $19 million in annual unaudited revenue and $3 million in adjusted earnings** Says a third party will transfer a Hawker 800 aircraft valued at $3.5 million to Arrow in exchange for convertible notes of Polyrizon ** Arrow's shareholders will waive the aviation firm's debts in exchange for additional Polyrizon convertible notes – PLRZ** Shares halved in value in 2025 (Reporting by Sahil Pandey in Bengaluru) ((Sahil.Pandey@thomsonreuters.com))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}