Regado Biosciences and Tobira Therapeutics Announce Merger Agreement to Create Leading NASH Company
Closing Cash Balance of Approximately $60 Million Provides Financing Through Phase 2b NASH Program
Conference Call Scheduled for Tuesday, Jan. 20, 8:30 a.m. EST
SAN FRANCISCO and BASKING RIDGE, N.J., Jan. 14, 2015 -- Regado Biosciences, Inc. (RGDO) and Tobira Therapeutics, Inc. today announced that they have entered into a definitive agreement under which privately-held Tobira will merge with a wholly-owned subsidiary of Regado in an all-stock transaction. The merger will create a company focused on the development of novel treatments for liver and inflammatory diseases. Tobira's lead product, immunomodulator and anti-fibrotic agent cenicriviroc (CVC), received Fast Track Designation and is currently in a Phase 2b trial in non-alcoholic steatohepatitis (NASH). Upon closing of the transaction, Regado will be renamed Tobira Therapeutics, Inc., and will be under the leadership of Tobira's chief executive officer, Laurent Fischer, M.D.
- Published: 15 January 2015
- Written by Editor