Talaris Therapeutics And Tourmaline Bio Have Agreed To Combine In An All-stock Transaction. The Combined Company Will Focus On Advancing Tourmaline's Lead Program, TOUR006 For Thyroid Eye Disease And Atherosclerotic Cardiovascular Disease
Portfolio Pulse from Benzinga Newsdesk
Talaris Therapeutics and Tourmaline Bio have agreed to merge in an all-stock transaction, with the combined company focusing on advancing Tourmaline's lead program, TOUR006. The new company will be named Tourmaline Bio, Inc. and trade under the ticker symbol 'TRML' on Nasdaq. Talaris plans to pay a cash dividend of up to $64.8 million to its stockholders before the merger.
June 22, 2023 | 11:34 am
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Talaris Therapeutics is merging with Tourmaline Bio in an all-stock transaction, with plans to pay a cash dividend of up to $64.8 million to its stockholders before the merger.
The merger between Talaris Therapeutics and Tourmaline Bio will create a combined company focusing on advancing Tourmaline's lead program, TOUR006. This could potentially lead to increased value for the new company. Additionally, Talaris plans to pay a cash dividend of up to $64.8 million to its stockholders before the merger, which is a positive development for Talaris stockholders.
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