Announced
Completed
Financials
Tags
Reverse Takeover
Friendly
Private
cancer treatment
Merger
Acquisition
biopharmaceutical company
Single Bidder
De-SPAC
United States
Majority
Biotechnology
Domestic
Completed
Synopsis
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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