Enliven Therapeutics Entered into a Definitive Merger Agreement with Imara for ~$594.1M
Shots:
- Enliven has an equity value of $324.6M, ~$164.5M in PIPE financing from investors. Imara has a net cash value b/w $75M to $95M and will receive additional net cash of $10M upon closing of the merger
- The combined company will have ~$300M in cash to advance Enliven’s pipeline through multiple clinical milestones and provide a cash runway into early 2026 & the transaction is expected to close in Q1’23
- The combined company focuses on advancing Enliven’s pipeline of precision oncology product candidates & will operate under the name Enliven Therapeutics, Inc. & trade on the Nasdaq under the ticker symbol ELVN. Imara stockholders will own ~16% & Enliven stockholders will hold ~84% of the combined company on a pro forma basis
Ref: Globenewswire | Image: Imara
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