Talaris Therapeutics (TALS) and Tourmaline Bio Announce Merger Agreement
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Talaris Therapeutics and Tourmaline Bio Announce Merger Agreement
June 22, 2023 7:30 AM EDTMerger to create Nasdaq-listed, late-stage clinical biotechnology company focused on developing Tourmalines anti-IL-6 antibody (TOUR006) in thyroid eye disease (TED) and atherosclerotic cardiovascular disease (ASCVD)
Combined company expected to have approximately $210 million of cash at the transaction close, including approximately $75 million from a concurrent private placement with leading life sciences investors
Strong balance sheet expected to support three clinical trials for TOUR006 including a Phase 2b trial in TED, a Phase 2 basket trial in additional TED cohorts,... More
