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Deal Watch: Graphite Exits Via Reverse Merger With Presbyopia Specialist LENZ

 
• By Joseph Haas

Plus deals involving Abliva/Owl, Selecta/Cartesian, Novo Nordisk/Genevant, AbbVie/Aldeyra and more.

Deal Watch 2021
• Source: Shutterstock

Scrip regularly covers business development and deal making in the biopharmaceutical industry. Deal Watch is supported by deal intelligence from Biomedtracker.

California biotechs LENZ Therapeutics and Graphite Bio, Inc. announced a plan to merge on 15 November in an all-stock transaction. Simultaneously, Graphite agreed to a $53.5m private investment in public equity (PIPE) financing that will close concurrently with the merger with a syndicate of health care investors led by LENZ’s existing investors with participation from new investors

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