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Panacea Acquisition Corp. (NYSE: PANA.U, PANA, PANA WS) announced that its Form S-4 registration statement for the business combination with Nuvation Bio Inc. has been declared effective by the SEC. The definitive proxy statement/prospectus has begun mailing to shareholders ahead of the Special Meeting on February 9, 2021. Stockholders must exercise redemption rights by February 5, 2021. This transaction is subject to various risks, including potential failures in clinical trials and regulatory approvals that could impact the expected benefits of the business combination.
