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Equillium Buys Metacrine For Its Cash, Will Outsource Lead Drug Candidate

All-Stock Deal Merges Two San Diego Firms

 
• By Mandy Jackson

Deal Snapshot: Equillium will gain $33m, extending its cash runway into 2024 and past several upcoming milestones, but it will seek a strategic partner for Metacrine’s stalled FXR agonist MET642.

Isometric arrow formed by two merging black and white lines on turquoise blue
Equillium will use Metacrine's cash for its own programs • Source: Shutterstock

Who:Equillium, Inc./Metacrine, Inc.

What: Equillium will acquire Metacrine in an all-stock transaction, but it will seek a strategic partner to develop the target company’s Phase II-ready FXR

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