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Polyphor Pulled Out Of The Mire With EnBiotix Merger

Banks $10m For Inhaled Murepavadin

 
• By Kevin Grogan

Just over three years, Polyphor's initial public offering in Switzerland raised CHF165m. Now, with just enough cash to get through the third quarter, it has been saved by a deal with US biotech EnBiotix.

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• Source: Alamy

Struggling Swiss biotech Polyphor AG, which has suffered a string of setbacks in the clinic, has been handed a lifeline by negotiating a merger with EnBiotix, Inc. of the US, a privately held rare disease company, which is focused on cystic fibrosis.

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