The combined company will operate under the Nova Biomedical name offering analytical instruments, reagents, and services.

Biomedical companies, and those that provide medical equipment and healthcare, account for about 80% of the 500-plus research institutions and enterprises in Zhongguancun Life Science Park in Beijing.

Clearside Biomedical has a fifty-two week low of $0.77 and a fifty-two week high of $2.12. The firm’s fifty day moving average price is $0.96 and its two-hundred day moving average price is $1.06.