Top
image credit: Adobe Stock

Angion stock falls after agreeing Elicio Therapeutics merger

January 17, 2023

Shares in the company fell sharply this morning after the announcement of the deal, which will see the two companies combine behind lead programme ELI-002, an immunotherapy targeting KRAS-driven cancers that is currently in a phase 1 trial in pancreatic ductal adenocarcinoma and colorectal cancer.

It leaves shareholders in Angion with an approximately one-third share of the combined company with two-thirds held by Elicio investors, and with the latter’s current management taking over the executive positions headed by chief executive Robert Connelly. Once the merger completes, the company will operate as Elicio Therapeutics.

Read More on Pharmaphorum