Mar. 27 at 1:21 PM
$ANAB AnaptysBio announces that its Board of Directors has authorized a Stock Repurchase Plan under which the company may repurchase up to
$100,000,000 of the company''s outstanding common stock, par value
$0.001 per share, and provided a business update
Anaptys to spin-off biopharma operations into First Tracks Biotherapeutics, with a target distribution date of April 20, 2026.
Anaptys to manage the financial collaborations for Jemperli with GSK and imsidolimab with Vanda, with a focus on protecting and returning their value to shareholders, as well as an initial ~
$140-
$145 million in net cash and investments.
Susannah Gray, former CFO of Royalty Pharma, appointed to Anaptys'' Board of Directors.