Nuvation Bio Flounders After EcoR1 SPAC Merger

In just five days the shares of the biopharma company that merged with Oleg Nodelman’s blank check company fell by more than one-third.

Stephen Taub March 31, 2021

Oleg Nodelman

(II Illustration; Bloomberg photo)

A merger between a SPAC and a fledgling biopharma company is a speculative match.When both companies go public, neither of them have assets or revenues, just the capital they raised from investors.The special purpose acquisition company has promised to do a deal with a viable

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