Centessa (NASDAQ:CNTA) marks Eli Lilly (NYSE:LLY) CVR at 28 cents per dollar in last trade
As of 10:03 a.m. in New York, U.S. regular trading was open, following Nasdaq’s 9:30 a.m. to 4 p.m. ET session, but Centessa Pharmaceuticals plc had no new trades. Nasdaq’s CNTA market page showed no data, with the last price still at $40.50 from June 24 UTC. The last price is the one that counts now. Eli Lilly and Company is paying $38 in cash and a non-transferable CVR that could be worth as much as $9 a share. Based on CNTA’s last trade, the market valued that CVR at $2.50 before the ADS halted.