 Regado Biosciences and Tobira Therapeutics Announce Merger Agreement to Create Leading NASH Company
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
 
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