Aeglea BioTherapeutics (AGLE) Acquires Spyre Therapeutics
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Aeglea BioTherapeutics Announces Acquisition of Spyre Therapeutics
June 22, 2023 8:17 AM EDTAcquisition of Spyre and concurrent oversubscribed $210 million private investment positions the company to advance a leading inflammatory bowel disease (IBD) portfolio
Spyre, the second spinout from Paragon Therapeutics, is advancing a pipeline of product candidates, led by SPY001 and SPY002, that are potentially best-in-class antibodies targeting a4b7 and TL1A, respectively, and which are expected to enter the clinic in 2024
Combined company expected to have approximately $220 million in cash or cash equivalents at close: expected to fund operations... More
