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Tectonic bets on GPCR heart failure drug following reverse merger with Avrobio

By Yahoo! Finance   |   Jun 25, 2024 at 08:24 AM EST
Tectonic bets on GPCR heart failure drug following reverse merger with Avrobio

Tectonic Therapeutic completes reverse merger with Avrobio, now trading on Nasdaq as Tectonic Therapeutic (TECX). The new company raised $130.7m in a private placement, ensuring cash reserves of $181m till mid-2027.

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