Ataxion, a spinout company of biotechnology firm Saniona, is set to merge with Luc Therapeutics.
The merged company will continue to operate as Luc Therapeutics, in which Saniona will hold 7.1% stake and rights to royalties of marked products from the Ataxia programme.
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Saniona is based in Denmark, whereas Luc Therapeutics is based in the US.
Kasten has merged with Thru Pharma (doing business as DAKOTA Life Sciences), a company which develops innovative health products such as antifungals and antibiotics using site-specific penetration technologies.
US-based biopharmaceutical company Heat Biologics is set to acquire 80% stake in Pelican Therapeutics.
The purchase consideration includes $0.5m in cash and issuance of 1.3 shares of Heat Biologics’ common stock.
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By GlobalDataThe acquisition is expected to be completed on or before 30 April.
Pelican Therapeutics is an immune-oncology company also based in the US.
