SqueezeSpecs
Sep 27, 10:47 AM
$RLYB: Rallybio is moving toward its planned merger with Avenzo Therapeutics, which would create an oncology-focused publicly traded biotech. Rallybio shareholders are expected to own about 2.8% of the combined company under the current filing. ("rallybio(dot)com" (https://investors.rallybio.com/news-releases) )
RLYB closed Friday at
$16.62, essentially flat on the day. The company also reported a
$50M termination fee from the previously proposed Candid Therapeutics transaction, adding to its cash resources ahead of the Avenzo merger.
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