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Tokai Pharma (TKAI) Plans to Review Strategic Options

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Tokai Pharmaceuticals Announces Review of Strategic Alternatives

September 8, 2016 8:01 AM EDT

BOSTON--(BUSINESS WIRE)-- Tokai Pharmaceuticals Inc. (NASDAQ: TKAI), a biopharmaceutical company focused on developing and commercializing innovative therapies for prostate cancer and other hormonally driven diseases, today announced that its Board of Directors has initiated a review of strategic alternatives for the company focused on maximizing stockholder value.

Potential strategic alternatives that may be explored or evaluated as part of this review include a sale of the company, a reverse merger, a business combination or a sale, license or other disposition of corporate assets of the company. There is no set... More