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Mereo Makes It Stateside With OncoMed Merger

 
• By Kevin Grogan

The UK company, which postponed plans for a US offering in April, has taken the M&A route to secure a Nasdaq listing by combining with OncoMed.

Manhattan, New York / USA July 15, 2008. Nasdaq building, NYPDand pedestrians.
Mereo Will Get a Nasdaq listing with OncoMed merger

The UK's Mereo BioPharma Group PLC is to get the US listing it had been seeking by merging with troubled California-based Oncomed Pharmaceuticals Inc., adding cash and a couple of investigational cancer drugs.

In an interview with Scrip just after the deal was announced (Dec. 5), Mereo CEO Denise Scots-Knight noted that after postponing plans for a US offering in April, which would...

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