Midatech Pharma files regulatory paperwork with SEC for Dara takeover

12 August 2015

UK nanomedicine company Midatech Pharma (AIM: MTPH) on Wednesday said its acquisition of Dara Biosciences (Nasdaq: DARA) is on track and the company has filed its form F-4 registration statement with the US Securities and Exchange Commission.

Jim Philips, chief executive of Midatech Pharma, said: “The submission of this filing demonstrates further positive progress towards the acquisition of Dara and, ultimately, brings Midatech closer towards developing our target therapeutic area of oncology as an international specialty pharma."

Midatech, which develops drugs for diabetes and various cancers, in the filing disclosed a loss of £2.67 million ($4.1 million) in the first quarter of 2015 with revenue of £39,000.

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