Oruka Aiming At AbbVie, UCB In Psoriatic Indications

 
• By Joseph Haas
  
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The third Paragon spinout, going public in a reverse-merger with ARCA, announced a concurrent $275m financing to help it develop optimized biologics as potential standards of care in psoriasis and psoriatic arthritis.

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Oruka will go public via a reverse-merger with ARCA • Source: Shutterstock

Soon-to-be public Oruka Therapeutics will execute a reverse merger with ARCA Biopharma, Inc. and a concurrent $275m financing to help it start clinical development of optimized biologics in psoriasis and psoriatic arthritis that could offer efficacy and convenience edges compared to market leaders Skyrizi and Bimzelx.

Key Takeaways

  • Paragon spinout Oruka will go public by merging with ARCA and at the same time raise $275m in private financing.

Oruka is a spinout from the optimized drug design company Paragon Therapeutics, Inc., and its foundation is developing drug...

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