24/7 Market News – F-star Therapeutics (NASDAQ:FSTX) small cap Biopharma to be Acquired

24/7 Market News – F-star Therapeutics (NASDAQ:FSTX) small cap Biopharma to be Acquired

(24/7 MARKET NEWS) invoX Pharma, a wholly owned subsidiary of Sino Biopharmaceutical Limited (HKEX 1177 HK), and F-star Therapeutics, Inc. (NASDAQ:FSTX), stated that the two companies entered into a definitive agreement whereby invoX will acquire all of F-star’s issued and outstanding common stock for $7.12 per share, which values F-star at approximately $161 million. The transaction received unanimous approval by the Boards of Directors, of both companies, and is expected to close in the second half of 2022.

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