Nuvation Bio to buy AnHeart
New York-based Nuvation Bio (NYSE: NUVB), a biopharma tackling some of the greatest unmet needs in oncology by developing differentiated and novel therapeutic candidates, is to buy AnHeart Therapeutics.
The latter company - which has offices in China and the USA - is also developing novel precision therapies for people with cancer.
"We believe the pipeline and financial strength of the combined company have the potential to create a market leader"Following the closing of the all-stock acquisition, the former shareholders of AnHeart will own approximately 33%, and the current stockholders of Nuvation Bio will own approximately 67%, of the company.
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