BioCryst Pharmaceuticals has completed its acquisition of Astria Therapeutics, Inc. in a deal valued at approximately $700 million, net of Astria’s cash at closing. The transaction was financed with cash on hand and about $396.6 million from a financing facility managed by Blackstone, along with the issuance of approximately 37.3 million shares of BioCryst common stock to Astria’s equity holders. Through this acquisition, BioCryst adds Astria’s early-stage atopic dermatitis program, STAR0310, for which it plans to seek strategic alternatives. BioCryst aims to leverage the combined company’s strengths to advance treatments for hereditary angioedema and other rare diseases.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. BioCryst Pharmaceuticals Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9631488-en) on January 23, 2026, and is solely responsible for the information contained therein.
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