Gracell Biotechnologies Acquisition Completed
Gracell Biotechnologies Inc. - American Depositary Shares (GRCL)
Company Research
Source: GlobeNewswire
SAN DIEGO and SUZHOU, China and SHANGHAI, China, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Gracell Biotechnologies Inc. (“Gracell” or the “Company”, Nasdaq: GRCL), a global clinical-stage biopharmaceutical company developing innovative cell therapies for the treatment of cancer and autoimmune disease, today announced the completion of its previously announced agreement to be acquired by AstraZeneca, in accordance with the terms and conditions of the Agreement and Plan of Merger, dated as of December 23, 2023 (the “Merger Agreement”), by and among the Company, AstraZeneca Treasury Limited, a private limited company incorporated under the laws of England and Wales (“Parent”), and Grey Wolf Merger Sub (“Merger Sub”), an exempted company with limited liability incorporated under the laws of the Cayman Islands and a wholly owned subsidiary of Parent. The acquisition was structured as a merger of Merger Sub with and into the Company with the Company surviving the merger as a wholly owned subsidia
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GRCL
News
- Gracell Biotechnologies Inc. (NASDAQ: GRCL) had its "hold" rating re-affirmed by analysts at Stifel Nicolaus. They now have a $10.25 price target on the stock, down previously from $11.00.MarketBeat
- Gracell Biotechnologies Announces Shareholders’ Approval of Merger AgreementGlobeNewswire
- Astra Sees Stronger Profit, Sales Growth on Cancer Drugs [BNN Bloomberg (Canada)]BNN Bloomberg
GRCL
Sec Filings
- 2/22/24 - Form 25-NSE
- 2/22/24 - Form 6-K
- 2/20/24 - Form 6-K
- GRCL's page on the SEC website