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Threshold And Molecular Templates Merge To Test The Power Of Two

 
• By Joseph Haas

Although a vehicle for Molecular Templates to take its Engineered Toxin Bodies oncology platform public, the combined company also will seek a pathway to approval for Threshold's evofosfamide for pancreatic cancer in Japan.

businessman and businesswoman are shaking hands and exchanging folder after agreement was reached

A reverse merger between troubled Threshold Pharmaceuticals Inc. and privately held Molecular Templates Inc. will take the latter company, focused on new a class of cancer drugs with potential in immuno-oncology, public. However, the combined company remains committed to the former's evofosfamide, which was considered dead and buried after a pair of Phase III failures in late 2015.

The two firms announced their merger during an investor call on March 17, outlining an all-cash transaction approved by both boards of directors that will result in a new company...

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