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BioNotebook: Targacept gone in reverse merger with Catalyst, plus five other deals

 
• By Mandy Jackson

After a string of failures, Winston-Salem, North Carolina-based Targacept and its neuronal nicotinic receptor (NNR) therapeutics will be replaced by engineered human proteases for hemophilia and complement-mediated disorders in a reverse merger with privately-held Catalyst Biosciences in South San Francisco.

After a string of failures, Winston-Salem, North Carolina-based Targacept and its neuronal nicotinic receptor (NNR) therapeutics will be replaced by engineered human proteases for hemophilia and complement-mediated disorders in a reverse merger with privately-held Catalyst Biosciences in South San Francisco.

Publicly-held Targacept will be known as Catalyst and its stock market ticker symbol will change from TRGT to CBIO. The...

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