March 25 (Reuters) - Nuvation Bio Inc ( NUVB ):

* NUVATION BIO TO ACQUIRE ANHEART THERAPEUTICS IN ALL-STOCK

TRANSACTION

* NUVATION BIO INC ( NUVB ) - NUVATION BIO WILL CONTINUE TO BE LED BY

ITS

CURRENT MANAGEMENT TEAM

* NUVATION BIO INC ( NUVB ) - FOLLOWING DEAL, MIN CUI AND JUNYUAN

JERRY

WANG WILL JOIN NUVATION BIO BOARD OF DIRECTORS

* NUVATION BIO ( NUVB ) - AS ANHEART'S PARENT CO AFTER ACQUISITION,

NUVATION BIO WILL OWN ALL OF ANHEART'S ASSETS, INCLUDING

ANHEART'S INTELLECTUAL PROPERTY

* NUVATION-FORMER SHAREHOLDERS OF ANHEART WILL OWN ABOUT 33%

AND

CURRENT STOCKHOLDERS OF CO WILL OWN ABOUT 67% OF NUVATION BIO ON

FULLY DILUTED BASIS

* NUVATION BIO INC ( NUVB ) - ACQUISITION IS EXPECTED TO CLOSE IN Q2

OF

2024

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