Soon-to-be public Oruka Therapeutics will execute a reverse merger with ARCA Biopharma, Inc. and a concurrent $275m financing to help it start clinical development of optimized biologics in psoriasis and psoriatic arthritis that could offer efficacy and convenience edges compared to market leaders Skyrizi and Bimzelx.
Oruka Aiming At AbbVie, UCB In Psoriatic Indications
The third Paragon spinout, going public in a reverse-merger with ARCA, announced a concurrent $275m financing to help it develop optimized biologics as potential standards of care in psoriasis and psoriatic arthritis.
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