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Redx Joins Forces With Jounce To Form $425m Cancer And Fibrosis Company

Nabs NASDAQ Listing

 
• By Ayisha Sharma

After a rollercoaster of a journey to date, UK firm Redx unveiled plans to merge with US biotech Jounce in a deal that would create a $425m transatlantic company with a robust cash runway through to 2025.

Opposite side chess pieces in a circle on two separate sides, together forming shadow image of crown
The New Company Will Develop Small Molecules And Biologics • Source: Shutterstock

Redx Pharma Plc and Jounce Therapeutics, Inc. have announced an all-share merger to form a $425m firm focused on targeted therapeutics for the treatment of cancer and fibrotic diseases across both small- and large-molecule modalities.

By merger completion, Jounce should have $155m in cash and equivalents which, net of tail and closing costs, would leave at least $130m for the combined group

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