BioCryst to acquire Astria Therapeutics
North Carolina, USA-based biotech BioCryst Pharmaceuticals (Nasdaq: BCRX) today announced that it has entered into a definitive agreement to acquired Astria Therapeutics (Nasdaq: ATXS), a biopharmaceutical company focused on developing life-changing therapies for allergic and immunologic diseases.
The transaction includes a mix of cash and stock representing an implied value of $13.00 per Astria share, and approximately $700 million in enterprise value.
Shares of Astria rocketed over 40% to $11.86 on the news, while those of BioCryst fell 7.3% to $6.52.
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