Mast Therapeutics to merge with Savara

9 January 2017

Share of Mast Therapeutics (NYSE: MSTX) gained 2.08% to $0.10 on Friday on news that it is to merge with Savara, a privately-held emerging specialty pharmaceutical company focused on the treatment of rare respiratory diseases.

The two companies have entered into a definitive merger agreement, under which the stockholders of Savara would become the majority owners of Mast, and the operations of Mast and Savara would be combined.

Subject to stockholder approval, the combined company will advance a pipeline of novel inhalation therapies for the treatment of diseases with significant unmet medical needs, featuring three product candidates, each in advanced clinical development.

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