Aptevo Therapeutics completes spin-off from Emergent BioSolutions
Aptevo Therapeutics (Nasdaq: APVO) has completed its separation from US biotech Emergent BioSolutions (NYSE: EBS) to become an independent, publicly traded corporation.
This new Seattle-based biotech firm will focus on developing new oncology and hematology therapeutics, and started trading on the Nasdaq Global Select Market this week. The company’s stock closed the day at $2.89 on Monday, when the share price of Emergent dropped by more than 5%.
Aptevo has four revenue-generating products in the areas of hematology and infectious diseases, as well as various investigational stage product candidates in immuno-oncology.
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