Biotech Values

[DewDiligence]

TALS reverse-merges with—(private)— Tourmaline Bio:

https://finance.yahoo.com/news/talaris-therapeutics-tourmaline-bio-announce-113000002.html

The combined company will focus on advancing Tourmaline’s lead program, TOUR006, a potentially best-in-class anti-IL-6 antibody, for the treatment of thyroid eye disease (TED) and atherosclerotic cardiovascular disease (ASCVD).

…Tourmaline stockholders immediately prior to the Merger (including Tourmaline stockholders issued shares in the private placement) are expected to own approximately 78.7% of the combined company and Talaris stockholders immediately prior to the Merger are expected to own approximately 21.3% of the combined company…

…Upon completion of the Merger, the combined company will operate under the name Tourmaline Bio, Inc. and trade on the Nasdaq under the ticker symbol “TRML.”

TALS has been a shell company since suffering clinical setbacks in 2022 (#msg-170246152, #msg-169290034).