LENZ Therapeutics and Graphite Bio (GRPH) Announce Merger Agreement

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LENZ Therapeutics and Graphite Bio Announce Merger Agreement

November 15, 2023 7:00 AM EST

- Merger to create NASDAQ-listed, late clinical-stage biopharmaceutical company focused on advancing LENZ Therapeutics lead assets for the treatment of presbyopia

- Combined company expected to have approximately $225 million of cash or cash equivalents at close, including $53.5 million from a concurrent PIPE financing

- Companies to host joint webcast today, November 15, 2023 at 8:00 a.m. ET

SAN DIEGO & SOUTH SAN FRANCISCO, Calif.--(BUSINESS WIRE)-- LENZ Therapeutics, a late-stage biopharmaceutical company focused on developing and commercializing innovative therapies to improve vision, and Graphite Bio, Inc.... More