
Astria Faces Shareholder Lawsuits Over Planned BioCryst Merger

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Astria Therapeutics faces shareholder lawsuits over its planned merger with BioCryst Pharmaceuticals. The lawsuits allege false and misleading registration statements, seeking injunctive relief and damages. Astria rejects these claims, pledging to defend the litigation while proceeding with the merger. Analysts rate Astria's stock as Hold with a $13.00 price target, noting financial stability but cautioning on risks due to lack of revenue and increasing losses.
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