Chimerix rejects calls for liquidation from Rubric Capital Management

Nov. 10, 2022 5:59 PM ETChimerix, Inc. (CMRX)By: Jonathan Block, SA News Editor

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  • In a response to an SEC filing from shareholder Rubric Capital Management, Chimerix (NASDAQ:CMRX) said it doesn't believe a liquidation is the best option for shareholders as "it would deprive them of the significant upside potential of ONC201 and our other assets."
  • The company added it believes it has "significant future value creation" and "based on our strong Phase 2 data for ONC201, we are confident in the path forward."
  • Earlier Thursday, Rubric Capital Management reported an 8.5% stake in Chimerix (CMRX), adding "simply liquidating the company would result in a return of up to 125% from" a recent close.

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