Rallybio and Candid Therapeutics announce merger agreement

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Rallybio Corporation and Candid Therapeutics Announce Merger Agreement

March 2, 2026 8:00 AM EST

Combined company to operate as Candid Therapeutics, advancing a leading portfolio of T-cell engager therapeutics for autoimmune diseases

Concurrent significantly oversubscribed and upsized financing of over $505 million committed by a syndicate of leading healthcare institutional investors and mutual funds expected to fund operations through 2030

Companies to hold joint conference call on March 2, 2026 at 8:30 AM ET

NEW HAVEN, Conn. & SAN DIEGO--(BUSINESS WIRE)-- Rallybio Corporation (Nasdaq: RLYB) ("Rallybio") and Candid Therapeutics, Inc. ("Candid"), a global clinical-stage biotechnology company advancing a leading... More