Cempra: As merger closes, Cempra now trading as Melinta

Following a shareholder vote Friday, Chapel Hill-based Cempra and New Haven, Connecticut-based Melinta have completed their merger. While Cempra's shareholders failed to approve two proposals related to the merger, including "a proposal to increase the number of authorized shares of Cempra common stock from 80 million to 250 million," Cempra and Melinta agreed to waive the condition in order close the deal. "This seems to be inauspicious start to a critically important enterprise," said...