Yumanity Merges With Proteostasis To Accelerate Parkinson’s Therapy

 
• By Joseph Haas
  
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Yumanity goes public by merging with Proteostasis; it is accelerating its Parkinson’s program because of mouse model data showing disease-modifying potential. Proteostasis will out-license its CF assets.

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Yumanity takes its neurodegenerative R&D engine public via merger with Proteostasis

Neurodegenerative disease-focused Yumanity Therapeutics Inc. will go public via a reverse-merger with struggling Proteostasis Therapeutics, Inc. in a deal Yumanity CEO Richard Peters describes as an effort to leverage common scientific expertise. However, he also said Yumanity was looking for a quick way to access the public capital markets after deciding to accelerate development of its potentially disease-modifying Parkinson’s disease drug, YTX-7739.

Announced 24 August, the all-stock transaction approved by both companies’ boards will result in Proteostasis shareholders owning a 32.5% stake...

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