Brief: Graybug And Calcimedica Enter Into Definitive Merger Agreement

Calcimedica

21/11/2022 23:55

Nov 21 (Reuters) - Graybug Vision Inc  GRAY.O :
    * GRAYBUG AND CALCIMEDICA ENTER INTO DEFINITIVE MERGER
AGREEMENT
    * GRAYBUG- COMBINED COMPANY  EXPECTED TO BE FUNDED WITH CASH
AND
EQUIVALENTS OF APPROX $35 MILLION, WITH AN EXPECTED RUNWAY INTO
SECOND HALF OF 2024
    * RACHEL LEHENY, PH.D., WILL SERVE AS CHIEF EXECUTIVE
OFFICER OF
THE COMBINED COMPANY
    * PHASE 2B RESULTS IN ACUTE PANCREATITIS FOR LEAD PRODUCT
CANDIDATE AUXORA EXPECTED IN SECOND HALF OF 2023
    * GRAYBUG VISION- GRAYBUG EQUITY HOLDERS ARE EXPECTED TO
COLLECTIVELY OWN ABOUT 29% OF COMBINED COMPANY

Source text for Eikon:  ID:nGNXb8GHl1 
Further company coverage:  GRAY.O 
 ((Reuters.Brief@thomsonreuters.com;))