Oct 31 (Reuters) - Aerovate Therapeutics Inc ( AVTE ):

* AEROVATE THERAPEUTICS ( AVTE ) - EXCHANGE RATIO ASSUMES VALUATION

FOR

AEROVATE OF $8.0 MILLION AND VALUATION FOR JADE OF $175.0

MILLION

* AEROVATE THERAPEUTICS ( AVTE ) - UPON TERMINATION OF DEAL UNDER

SPECIFIED

CIRCUMSTANCES, CO MAY BE REQUIRED TO PAY JADE TERMINATION FEE OF

$2.3 MILLION

* AEROVATE THERAPEUTICS ( AVTE ) - UPON TERMINATION OF DEAL UNDER

CERTAIN

CIRCUMSTANCES, JADE MAY BE REQUIRED TO PAY CO TERMINATION FEE OF

$5.3 MILLION

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