Obalon Therapeutics, Inc. (NASDAQ:OBLN), a vertically integrated weight loss solutions company commercializing the first and only FDA-approved swallowable, gas-filled intragastric balloon system for the treatment of obesity, announces that its Board of Directors has decided to explore potential financial and strategic alternatives intended to enhance stockholder value. The Company has engaged Canaccord Genuity LLC as its financial advisor. The overall uncertainty, the restriction on elective procedures and the specific directives issued by the Governor of California regarding Covid-19 has had an immediate impact on Obalon’s business.
Read the full article: Obalon Engages Canaccord Genuity to Explore Financial and Strategic Alternatives //
Source: https://www.globenewswire.com/news-release/2020/03/25/2006216/0/en/Obalon-Engages-Canaccord-Genuity-to-Explore-Financial-and-Strategic-Alternatives.html