other material
confidence high
sentiment neutral
materiality 0.50
Mustang Bio CFIUS review for asset sale to uBrigene enters investigation phase; decision by Feb 12, 2024
MUSTANG BIO, INC.
- CFIUS began a 45-day investigation after the initial review period expired on Dec 28, 2023 without conclusion.
- CFIUS must complete its investigation no later than February 12, 2024.
- Transaction involves sale of Mustang's Worcester cell processing facility and assets to uBrigene, a Chinese CDMO.
- CFIUS clearance was not a condition to closing the transaction.
- The parties previously withdrew and re-filed their CFIUS notice on Nov 13, 2023 to allow more review time.