Novartis, Moderna Partner Agrees To Merge With Beleaguered Sesen Bio
Sesen Bio Inc (NASDAQ: SESN ) and privately held Carisma Therapeutics Inc have entered into a merger agreement to combine the companies in an all-stock transaction. The combined company will operate under the Carisma Therapeutics moniker under the "CARM symbol" and is expected to have approximately $180 million of cash and cash equivalents, including $30 million from concurrent financing by Carisma, which is expected to … Full story available on Benzinga.com
Novartis, Moderna Partner Agrees To Merge With Beleaguered Sesen Bio
Sesen Bio Inc (NASDAQ: SESN ) and privately held Carisma Therapeutics Inc have entered into a merger agreement to combine the companies in an all-stock transaction. The combined company will operate under the Carisma Therapeutics moniker under the "CARM symbol" and is expected to have approximately $180 million of cash and cash equivalents, including $30 million from concurrent financing by Carisma, which is expected to … Full story available on Benzinga.com