Karyopharm tumbles after bankruptcy filing, merger plan with Ayrmid
02/11/2026 14:02
BUZZ-Karyopharm tumbles after bankruptcy filing, merger plan with Ayrmid ** Shares of Karyopharm Therapeutics KPTI.O fall 75.8% to 16 cents premarket
** Karyopharm files for Chapter 11 bankruptcy protection
** Karyopharm enters a restructuring agreement that provides for a merger with Ayrmid
** Ayrmid serves as the lead bidder in a court-supervised sale process, while other parties can submit competing bids, KPTI says
** Karyopharm secures a commitment for up to $55 million in financing and says operations are expected to continue during the process
** As of last close, stock down 91% YTD and had a market cap of $15 million - LSEG
(Reporting by Kamal Choudhury in Bengaluru)