F-Star Therapeutics Agrees To $161M Sino Biopharm Takeover

By Humberto J. Rocha (June 23, 2022, 5:09 PM BST) -- F-star Therapeutics Inc., a U.K. pharma company specializing in immunotherapy, said Thursday that it has agreed to be acquired by invoX Pharma, a British subsidiary of Sino Biopharmaceutical Ltd. for $161 million in cash.

F-star said that the offer, which values its shares at $7.12 apiece, would bolster its potential by leveraging its technology from therapeutic research in areas related to oncology, immunology and neurology.

Ben Toogood, invoX CEO, said in a statement that F-star would be a key factor toward making invoX a fully integrated pharmaceutical company with the hopes of pioneering groundbreaking treatments.

"We are excited to welcome F-star...

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