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Concentra Biosciences Agrees to Acquire Kronos Bio

The merger transaction is expected to close mid-2025.

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By: Charlie Sternberg

Associate Editor

Md Sharif Hossain Tokder/Pixabay.com

Kronos Bio Inc., a biotechnology company that has been developing small molecule therapeutics to address cancers and other diseases driven by deregulated transcription, has entered into a definitive merger agreement with Concentra Biosciences, LLC, whereby Concentra will acquire Kronos Bio for $0.57 in cash per share of Kronos Bio common stock, plus one non-tradeable contingent value right (CVR), which represents the right to receive: 50% of the net proceeds in the case of a disposition of t...

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