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Announced

Completed

Estrella Biopharma went public via a SPAC merger with TradeUP Acquisition in a $399m deal.

Financials

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Transaction Value£357m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Reverse Takeover

Friendly

Private

cancer treatment

Merger

Acquisition

biopharmaceutical company

Single Bidder

De-SPAC

United States

Majority

Biotechnology

Domestic

Completed

Synopsis

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Estrella Biopharma, a preclinical-stage biopharmaceutical company focusing on cancer therapeutics, went public via a SPAC merger with TradeUP Acquisition, a publicly traded special purpose acquisition company, in a $399m deal. "We are pleased to close this transaction and are committed to the continued advancement of our clinical programs. Our anti-CD19 ARTEMIS T-cell therapy has the potential to improve patient outcomes while reducing the risk of Cytokine Release Syndrome. This marks a critical advancement in the management of blood cancer treatments," Liu, Estrella President and CEO.

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