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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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1060 일 전
Pound Rises Against Majors
The British pound strengthened against other major currencies in the European session on Thursday.
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55 분 전
European Shares Subdued Ahead Of Jackson Hole Summit
European stocks were little changed on Thursday as investors looked ahead to Federal Reserve Chair Jerome Powell's speech at the Jackson Hole symposium for hints of possible rate cuts this year.
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1 시간 3 분 전
Indian Rupee Rises To 2-day High On Upbeat India's PMI Data
The Indian rupee strengthened against the U.S. dollar in the European session on Thursday, after India's private sector activity expanded at the fastest pace on record amid sharp growth in new orders.
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1 시간 14 분 전
Asian Shares Mixed As Investors Await Powell Speech
Asian stocks ended mixed on Thursday as investors awaited policy signals from Federal Reserve Chair Jerome Powell, who is expected to speak on Friday at the Fed's annual conference in Jackson Hole, Wyoming.
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1 시간 34 분 전
European Shares Seen Flat To Higher At Open
European stocks are seen opening flat to slightly higher on Thursday as investors await the latest PMI data from the region and look forward to key speeches from Fed officials when they convene in Jackson Hole, Wyoming, for the Fed's annual economic symposium.
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4 시간 32 분 전
European Economic News Preview: Eurozone Flash PMI Data Due
Flash Purchasing Managers' survey results from the euro area and the UK are the top economic news due on Thursday. At 2.00 am ET, the Office for National Statistics publishes UK public sector finance data. At 3.15 am ET, S&P Global publishes France flash PMI survey results.
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4 시간 36 분 전
Sensex, Nifty Extend Gains In Cautious Trade
Indian shares traded higher for a sixth consecutive session on Thursday, though overall gains remained limited due to mixed global cues ahead of the Federal Reserve's annual symposium at Jackson Hole, Wyoming, from August 21 to August 23, where Fed Chairman Jerome Powell is due to speak.
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5 시간 28 분 전
