Sesen Bio (SESN) and Carisma Therapeutics Announce Merger Agreement
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Sesen Bio and Carisma Therapeutics Announce Merger Agreement
September 21, 2022 8:00 AM EDTTransaction to create a well-funded, clinical-stage biotechnology company advancing engineered macrophages for the treatment of cancer and other serious disorders
Combined company expected to have approximately $180 million of cash, cash equivalents and marketable securities at close, including $30 million from a concurrent financing by Carisma, which is expected to fund the combined company through 2024
Cash runway of combined company expected to enable multiple clinical readouts across Carisma programs
CAMBRIDGE, Mass. & PHILADELPHIA--(BUSINESS WIRE)-- Sesen Bio, Inc. (Nasdaq:... More
