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flag Belgian firm Concentra Biosciences acquires US biotech iTeos Therapeutics for $10.047 per share.

flag US biotech company iTeos Therapeutics is set to be acquired by Belgian firm Concentra Biosciences for $10.047 per share in cash, plus a contingent value right that could add more value for iTeos shareholders. flag The deal, which requires a tender offer by August 1, 2025, is expected to close by the third quarter of 2025, pending certain conditions. flag The iTeos board unanimously approved the acquisition, seeing it as beneficial for its stockholders.

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