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Q32 Bio Resets As A Public Company With Two Mid-Stage Assets

 
• By Jessica Merrill

The company announced a reverse merger with Homology Medicines that will take the company public while also regaining full rights from Amgen to bempikibart for atopic dermatitis and alopecia areata.

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Q32 Bio is going public through a reverse merger • Source: Shutterstock

Q32 Bio, Inc. has found a route to the public markets through a reverse merger with Homology Medicines, Inc., one of three transactions it announced 16 November as it positions itself as a public company. In addition to its combination with Homology, it will raise $42m through a private placement with new and existing investors, and it will regain rights from Amgen to Phase II asset bempikibart, an anti-7LRα antibody.

The resulting public biopharma company will have two mid-stage assets in development and a cash balance of $115m, providing a...

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