AcquisitionThe acquisition by Concentra Biosciences is likely to close with the top two shareholders, EcoR1 and Tang Capital, in a positive position.
Cash PositionITeos ended 1Q:25 with cash of $624 million, indicating a strong cash position before the acquisition.
Strategic ReviewInvestors reacted positively to the news of belrestotug’s termination, with the stock showing an increase, likely due to the announcement of a strategic review to maximize shareholder value.