Why is North Immunology merging with Aethlon Biotech in 2026?

North Immunology is merging with Aethlon Biotech via a reverse merger, a deal BioPharma Dive reported on September 17, 2026. The article frames it as a sign that sentiment toward reverse mergers is improving, with North bringing about $180 million and a dual-acting antibody for eczema into the transaction.