Polyphor Pulled Out Of The Mire With EnBiotix Merger

Banks $10m For Inhaled Murepavadin

Just over three years, Polyphor's initial public offering in Switzerland raised CHF165m. Now, with just enough cash to get through the third quarter, it has been saved by a deal with US biotech EnBiotix.

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• Source: Alamy

Struggling Swiss biotech Polyphor AG, which has suffered a string of setbacks in the clinic, has been handed a lifeline by negotiating a merger with EnBiotix, Inc. of the US, a privately held rare disease company, which is focused on cystic fibrosis.

The proposed deal with Enbiotix comes at the end of what Polyphor chairman Kuno Sommer described as "an extensive and...

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