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Benzinga
Benzinga
Business
Vandana Singh

BioCryst Says Astria Therapeutics $700 Million Deal Gives 'Perfect Second Product Candidate'

BioCryst BCRX Blackstone
Scientist,Pipetting,At,A,Biomedical,Laboratory

BioCryst Pharmaceuticals, Inc. (NASDAQ:BCRX) on Tuesday agreed to acquire Astria Therapeutics, Inc. (NASDAQ:ATXS) for a mix of cash and stock.

The deal represents an implied value of $13 per Astria share, and approximately $700 million in enterprise value.

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