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-0.0336134453781511 0.0504201680672269 0.134453781512605 -0.100840336134454 -0.151260504201681 -0.235294117647059 -0.235294117647059 -0.117731092436975
Stock impact report

Aviragen to merge with Vaxart [Seeking Alpha]

Atea Pharmaceuticals, Inc. - common stock (AVIR) 
Company Research Source: Seeking Alpha
Aviragen to merge with VaxartAviragen Therapeutics (NASDAQ:AVIR) inks amerger agreement with privately heldVaxart, a developer of oral recombinant vaccines. The combined company will do business as Vaxart (VXRT) focused on orally delivered therapeutics and preventative treatments for a range of viral infections.Vaxart's oral vaccine pipeline includes norovirus, human papilloma virus (HPV), respiratory syncytial virus (RSV) and influenza.Under the terms of the agreement, Vaxart shareholders will own ~60% of the combined organization while Aviragen shareholders will own ~40%. The deal values Vaxart and Aviragen at $90M and $60M, respectively.The transaction should close in Q1 2018.Aviragen will cut six positions, leaving 10 employees to complete the BTA074 Phase 2 study and assist with the transition to Vaxart.The companies will host a conference call this morning at 8:30 am ET to discuss the tie-up.Now read:Your Daily Pharma Scoop: Celgene's Big Fall, Tesaro's Varubi Approval, TG Thera Show less Read more
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