Avenue Therapeutics, Inc. (NasdaqCM:ATXI) entered into a stock contribution agreement to acquire Baergic Bio, Inc. from Fortress Biotech, Inc. (NasdaqCM:FBIO) on May 11, 2022. DLA Piper LLP (US) acted as legal advisor to Avenue Therapeutics, Inc.

Avenue Therapeutics, Inc. (NasdaqCM:ATXI) completed the acquisition of majority stake of Baergic Bio, Inc. from Fortress Biotech, Inc. (NasdaqCM:FBIO) on November 7, 2022.