Feb. 8 at 11:36 PM
$BCAB remember, oil money from AIRC. They'll be looking for a successful IPO of GATC using BioAtla assets.
$LSTA, which was GATC's only counterpart except BioAtla, will be acquired by a third party (GURU?) through a recent tender offer. So, the only alternative left for GATC, which is aimed at developing new AI drugs, is BioAtla. Jay's company, which has a market capitalization (
$12M) and a 50% stake in in Inversagen AI, which is cheaper than a
$40M investment. All condition is that inversagen AI will receive
$40M of the investment will be sufficient to buy the company. It could be announced today.