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Apr 24, 2012

Deal snapshot: AUSTRALIAN BIOTA TO MOVE TO US VIA COMBINATION WITH NABI

Deal snapshot: AUSTRALIAN BIOTA TO MOVE TO US VIA COMBINATION WITH NABI

Z:M Navigator-April24, 2012-Deal snapshot: AUSTRALIAN BIOTA TO MOVE TO US VIA COMBINATION WITH NABI ©2012 M2 COMMUNICATIONS http://www.m2.com

Australian influenza antivirals developer Biota Holdings Ltd (ASX:BTA) will take over US vaccines maker Nabi Biopharmaceuticals (NASDAQ:NABI) in a reverse takeover deal, which will see it moving to the US as Biota Pharmaceuticals with a listing on Nasdaq, the pair said.

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Source: M2 Presswire (April 24, 2012 - 6:16 AM EDT)

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