Emergent BioSolutions spins out Aptevo as stand-alone company
US biotech firm Emergent BioSolutions’ (Nasdaq: EBS) board of directors has approved the spin-off of Aptevo Therapeutics and declared a dividend distribution of one share of Aptevo common stock for every two shares of Emergent common stock outstanding as of the close of business on July 22, 2016, the record date for the distribution.
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