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CFIUS Approves Sino Biopharm’s Acquisition of F-Star after Nine Month Wait

publication date: Mar 8, 2023

Sino Biopharm was approved to close its $161 million all-cash acquisition of F-Star, a Cambridge, UK company that develops bispecific antibodies. The purchase didn't look like would happen after it was held up for nine months by the US government’s Committee on Foreign Investment in the United States (CFIUS), which aims to slow China’s acquisition of advanced US technologies. F-Star, which has a NASDAQ listing and a US subsidiary in Cambridge, MA, develops bispecific drugs for immunotherapies using tetravalent (2+2) bispecific antibodies. More details....

Stock Symbols: (HK: 1177) (NSDQ: FSTX)

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