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Mast Therapeutics (MSTX) Updates on Evaluation of Strategic Options; Received Interest from Private Companies

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Mast Therapeutics Provides Update On Strategic Direction

November 21, 2016 8:00 AM EST

SAN DIEGO, Nov. 21, 2016 /PRNewswire/ -- Mast Therapeutics, Inc. (NYSE MKT: MSTX), a clinical-stage biopharmaceutical company, today provided an update regarding its recently announced campaign to evaluate strategic opportunities.  

Preliminary Indications of Interest in Reverse Merger Transactions.  The Company has received several written indications of interest from privately-held companies, including companies with synergistic clinical-stage drug candidates, and is actively evaluating these opportunities.  Other Strategic Opportunities.  Concurrently, the Company will continue to explore ways to strategically monetize its... More