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Mast Therapeutics Inc completes acquisition of Aires Pharmaceuticals, Inc

Thursday, 27 Feb 2014 02:18pm EST 

Mast Therapeutics Inc:Completed its acquisition of Aires Pharmaceuticals, Inc.Aires became a wholly-owned subsidiary of Mast Therapeutics in exchange for a total of 5.2 million shares of Mast common stock, representing about 5 pct of Mast's outstanding common stock.About 80 pct of the shares comprising the merger consideration are being held back for a period of six months to satisfy any indemnification obligations of the former Aires' stockholders under the merger agreement. 

Company Quote

-0.0073 -1.36%
24 Oct 2014