Prophase labs board of directors authorizes management to explore strategic reverse merger and approves crypto treasury initiative

Uniondale, ny, july 21, 2025 (globe newswire) -- prophase labs, inc. (nasdaq: prph), (the “company” or “prophase”) a next generation biotech, genomics and consumer products company, today announced that its board of directors has unanimously authorized the company's executive team to explore a potential reverse merger transaction with a digital asset-focused operating company to supplement its existing businesses. the board has also approved a strategic treasury initiative involving the acquisition and long-term holding of select digital assets, including bitcoin.
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