Biotech upstart Prenetics is set to go public in a $1.7 bln merger with a blank-cheque firm. Demand for virus test kits at airports and homes has boosted sales, but that is unlikely to last, says mak_robyn:
Hong Kong biotech company Prenetics will go public by merging with Artisan Acquisition, a special-purpose acquisition company, the two said in a statement on Sept. 16. The deal values the combined company's equity at $1.7 billion and is expected to close in the fourth quarter of 2021 or the first quarter of 2022.
Prenetics will be"the first unicorn from Hong Kong to be publicly listed in any market", according to the two companies.FILE PHOTO: Passengers wearing protective suits line up to board their plane for an international flight at Hong Kong airport amid the spread of the coronavirus disease , China July 9, 2021.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'Wendy Williams Show' season delayed after Williams tests positive for COVID-19Wendy Williams has tested positive for COVID-19.
Read more »
Wendy Williams Tests Positive for COVID-19, Delaying Talk Show ReturnWendy Williams has tested positive for a breakthrough case of COVID-19, as the talk show host is fully vaccinated. In light of Williams’ diagnosis, her daytime show is pushing back its fall r…
Read more »
California recall results closely linked to COVID-19 vaccination ratesHigher vaccination rates correlated with higher support for Gov. Newsom in the recall election, and vice versa, analysis of voting data shows.
Read more »
Nicki Minaj Claps Back at Late Night Hosts Over Her COVID-19 Vaccine TweetNicki Minaj revealed her plans to skip the 2021 Met Gala after testing positive for COVID-19 — how she reacted to late night show jokes on it
Read more »
New Orleans Saints Covid-19 Cases Will Test NFL’s Pandemic StrategySix members of the New Orleans Saints have tested positive for Covid-19 in the first major test of the revamped protocols for the NFL’s second pandemic season
Read more »
Zoo Atlanta Gorillas Test Positive for COVIDZoo Atlanta says some of its western lowland gorillas have tested positive for SARS-CoV-2, the virus that causes COVID-19.
Read more »