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Synlogic and Caldera Therapeutics Announce Merger Agreement and Concurrent Private Placement

Synlogic (SYBX)SynlogicFinancing

Combined company to operate as Caldera Therapeutics, developing CLD-423, a potential first-in-class TL1A x IL-23p19 bispecific antibody for inflammatory bowel disease and other immune-mediated diseases Concurrent upsized $278 million private placement committed by a syndicate of leading healthcare

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Synlogic

Synlogic was a synthetic-biology company focused on engineered microbes and metabolic disease before its restructuring and decline. Its platform aimed to use living medicines to address rare disorders.

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1.20 USD
Market cap
Exchange
NASDAQ
Sector
Biopharma
Location
United States