Aug 21 (Reuters) -
* TIMBER PHARMACEUTICALS TO BE ACQUIRED BY LEO PHARMA
* TIMBER PHARMACEUTICALS INC - TOTAL TRANSACTION VALUE OF UP TO $36 MILLION
* TIMBER PHARMACEUTICALS- TRANSACTION HAS BEEN UNANIMOUSLY APPROVED BY BOARDS OF DIRECTORS OF BOTH COMPANIES AND IS EXPECTED TO CLOSE IN Q4 OF 2023
* TIMBER PHARMACEUTICALS INC - FOLLOWING COMPLETION OF TRANSACTION, TIMBER WILL BECOME A PRIVATELY HELD COMPANY
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