F-star bought out in $161M all-cash deal as Hong Kong's Sino Biopharm looks toward international expansion
After more than a decade and a half of charting its own course, F-star Therapeutics will now settle under a new umbrella company.
The UK biotech will be acquired by invoX Pharma, a subsidiary of Hong Kong’s Sino Biopharm, in a roughly $161 million all-cash deal, the companies announced Thursday morning. F-star’s buyout will value its shares $FSTX at $7.12 apiece, nearly an 80% premium above Wednesday’s closing price.
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