McDermott Represents Portage Biotech in Tarus Therapeutics Acquisition
International law firm McDermott Will and Emery represented Portage Biotech Inc., a clinical-stage immuno-oncology company developing therapies to improve patient lives and increase survival by avoiding and overcoming cancer treatment resistance, in its agreement to acquire Tarus Therapeutics, a private company developing adenosine receptor antagonists.
Portage acquired Tarus in exchange for 2,425,999 shares of Portage along with the assumption of $3 million of Tarus’ liabilities. Portage will gain four best-in-class assets targeting different aspects of the adenosine pathway as part of the acquisition.
For more details, read Portage Biotech’s full press release here.
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