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Atea Pharma Rejects Unsolicited Proposal From Tang Capital Partners
(RTTNews) - Biopharmaceutical company Atea Pharmaceuticals, Inc. (AVIR) announced Tuesday that its Board of Directors unanimously rejected the unsolicited proposal from Tang Capital Partners, LP on behalf of Concentra Biosciences, LLC to acquire all outstanding common shares of Atea for $5.75 per share in cash, plus a contingent value right representing the right to receive 80% of the net proceeds payable from any license or disposition of Atea's programs.
After careful review and consideration with its independent financial and legal advisors, the Atea Board of Directors unanimously concluded that the Proposal fundamentally undervalues the Company and is not in the best interests of Atea or its shareholders.
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Atea Pharma Says FDA Grants Fast Track Designation To AT-752 For Treatment Of Dengue
Biopharmaceutical company Atea Pharmaceuticals, Inc. (AVIR) announced Monday that the U.S. Food and Drug Administration (FDA) has granted Fast Track Designation to AT-752, a novel, orally administered, direct-acting antiviral for the treatment of dengue virus infection.
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958 days ago
Sensex, Nifty Set To Rally As Trade, Geopolitical Tensions Ease
Indian shares look set to open sharply higher on Monday as investors react to easing Indo-Pak tensions and positive indications coming from China-U.S. trade talks.
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11 minutes ago
Japanese Market Modestly Higher
The Japanese stock market is trading modestly higher on Monday, extending the gains in the previous two sessions, following the mixed cues from Wall Street on Friday, with the Nikkei 225 moving above the 37,600 level, with gains in index heavyweights, technology and financial stocks.
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1h 11min ago
Australian Market Notably Higher
The Australian stock market is notably higher on Monday, extending the gains in the previous three sessions, following the mixed cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving up to near the 8,300.00 level, with gains across most sectors led by iron ore miners and energy stocks.
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1h 34min ago
Hong Kong Shares Due For Consolidation
The Hong Kong stock market has tracked higher in seven straight sessions, soaring more than 900 points or 4.1 percent along the way. The Hang Seng Index now sits just above the 22,865-point plateau although investors figure to lock in gains on Monday.
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1h 45min ago
Lower Open Likely For China Stock Market
The China stock market on Friday wrote a finish to the three-day winning streak in which it had gathered more than 70 points or 2.2 percent. The Shanghai Composite Index now rests just above the 3,340-point plateau and it's expected to open to the downside again on Monday.
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2h 15min ago
Japan Posts Y3.678 Trillion Current Account Surplus
Japan saw a current account surplus of 3.678 trillion yen in March, the Ministry of Finance said on Monday - up 6.7 percent on year.
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2h 30min ago
Taiwan Bourse May Hand Back Friday's Gains
The Taiwan stock market has moved higher in two of three trading days since the end of the two-day slide in which it had slumped more than 260 points or 1.3 percent. The Taiwan Stock Exchange now sits just above the 20,915-point plateau, although it's likely to head south again on Monday.
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2h 45min ago
