Redx Pharma gets 15p/share takeover approach from Yesod Bio-Sciences

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Cancer and fibrosis focused Redx Pharma said it had received a takeover approach from Yesod Bio-Sciences.

The approach may lead to a cash offer of 15p per share, Redx said.

The company said it was giving 'careful consideration' to the approach and had engaged in talks with largest shareholder Moulton Goodies.