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0.11340206185567 0.0618556701030927 -0.0551546391752577 -0.0927835051546392 -0.139587628865979 -0.117525773195876 -0.22680412371134 -0.175257731958763
Stock impact report

AlloVir and Kalaris Therapeutics Announce Agreement for Transformational Merger to Create Company Focused on Diseases of the Retina

AlloVir, Inc. (ALVR) 
Company Research Source: GlobeNewswire
Kalaris is a clinical-stage biopharmaceutical company founded by Samsara BioCapital and focused on development of TH103, a novel, differentiated and potentially transformative therapy for patients with neovascular and exudative retinal diseases Invented by VEGF pioneer Dr. Napoleone Ferrara, TH103 has demonstrated longer-acting and increased anti-VEGF activity in head-to-head preclinical studies against aflibercept, and could potentially provide a meaningful advance in treatment in the global $14 billion branded anti-VEGF retinal market TH103 is in a Phase 1 clinical trial in patients with neovascular age-related macular degeneration with initial data expected in Q3 2025 The combined company is expected to have a cash balance of approximately $100 million at close, which is anticipated in Q1 2025. Transaction expected to provide cash runway into Q4 2026 Companies to host webcast today, November 8, 2024 at 8:30 a.m. ET WALTHAM, Mass. and PALO ALTO, Calif., Nov. 08, 2024 (GLOBE Show less Read more
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