Bioscience

🔒BioXcel Therapeutics raises $8M in stock offering

New Haven-based BioXcel Therapeutics Inc. said it has completed a stock offering that raised about $8 million from an institutional investor.

🔒With nearly $125M invested, bill proposes $25M boost for CT Bioscience Innovation Fund

A state fund that has backed more than 100 Connecticut bioscience startups since 2013 is running low on capital — and lawmakers are weighing whether to refill it.

🔒CT biotech firm regains Nasdaq compliance after carrying out reverse-stock split

Intensity Therapeutics, Inc., a Shelton-based biotechnology company, has regained compliance with Nasdaq listing requirements, about three weeks...

🔒Rallybio merger deal includes $50M breakup fee, $200M financing floor

New Haven-based Rallybio Corp.’s proposed merger with San Diego biotech Candid Therapeutics includes a potential $50 million breakup fee payable by Candid.
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🔒Rallybio to merge with San Diego biotech in deal backed by $505M in financing

New Haven-based Rallybio Corp. has agreed to merge with a San Diego biotechnology company in a deal backed by more than $505 million in new investor financing that will effectively end Rallybio’s run as a standalone public company.

🔒CT biotech LambdaVision reserves spot on commercial space station to scale artificial retina

A Woodbridge-based biotech company has reserved space on the next commercial space station as it works to scale manufacturing of an artificial retina designed to restore vision in patients afflicted with degenerative eye diseases.

🔒CT biotech firm plans reverse stock split to regain Nasdaq compliance

Intensity Therapeutics Inc., a Shelton-based biotechnology company, said its board has approved a 1-for-25 reverse stock split of the company’s common stock.

New Haven-based biotech Arvinas names new CEO

New Haven-based Arvinas Inc. on Thursday named longtime executive Randy Teel as its new president and chief executive officer, succeeding John Houston, who is retiring after nearly a decade leading the biotechnology company.
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🔒New Haven-based biotech Precipio reports data breach

New Haven-based Precipio Inc., a cancer diagnostics company, recently reported to federal authorities a data breach that occurred in November and possibly affected more than 500 people.

🔒New Haven biotech Trevi Therapeutics builds billion-dollar valuation around lone late-stage cough drug

New Haven-based Trevi Therapeutics has raised more than $250 million to develop Haduvio, the only drug in development for chronic cough, with the company preparing Phase 3 trials targeting patients with idiopathic pulmonary fibrosis who cough thousands of times daily.
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