Pardes Biosciences changes hands (sort of) in wake of COVID-19 trial fail

Pardes Biosciences changes hands (sort of) in wake of COVID-19 trial fail

Source: 
Fierce Biotech
snippet: 

Three months after a phase 2 fail for its COVID-19 antiviral sent Pardes Biosciences on the hunt for strategic alternatives, the biotech has been bailed out via an acquisition by its key shareholders.