LianBio Sponsored ADR (LIAN) has released an update.
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LianBio is winding down its operations, including selling its pipeline assets, delisting its shares from Nasdaq, and reducing its workforce. The company plans to complete most wind-down activities by the end of 2024 and has announced a special cash dividend of $4.80 per share, totaling around $528 million. An estimated $17.2 million in costs, mostly for employee severance, is expected, with the complete dissolution of the company projected for the first half of 2027. Trading of shares may continue on over-the-counter markets post-delisting.
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