| Indication | Ulcerative colitis |
| Drug | CLD-423 |
| Mechanism of Action | TL1A and IL-23p19 inhibitor |
| Company | Caldera Therapeutics |
| Trial Phase | Phase 1 |
| Category | Corporate & Strategic |
| Sub Category | Merger Announced |
| Therapeutic Area | Gastroenterology & Hepatology |
| Target Company (Caldera) | Synlogic |
| Private Financing (Caldera) | $278 million |
| Initial Venture Funding (Caldera) | $112.5 million |
| Licensed From | Qyuns Therapeutics |
| Data Readout Expectation | End of 2026 |
| Funding Duration | Into 2029 |
| Acquiring Company (Vidya) | Processa Pharmaceuticals |
| Target Company (Vidya) | Vidya Therapeutics |
| Private Financing (Vidya) | $200 million |
| Drug Target (Vidya) | Bruton’s tyrosine kinase |
Caldera Therapeutics Merges with Synlogic, Secures $278M Funding
Caldera Therapeutics, launched seven months ago with $112.5 million in venture funding, has merged with Synlogic. Concurrently, it secured $278 million in private financing to support CLD-423, a drug licensed from Qyuns Therapeutics. CLD-423 targets TL1A and IL-23p19 for ulcerative colitis and Crohn's disease, with Phase 1 testing underway and data expected by the end of 2026. The merger and financing are expected to fund the company through Phase 2 development and operations into 2029.
- Caldera Therapeutics, a seven-month-old biotech, has merged with Synlogic and simultaneously raised $278 million in private financing. This significant capital infusion follows its initial $112.5 million venture funding, bolstering its financial position for future development.
- The financing will advance CLD-423, a drug licensed from China’s Qyuns Therapeutics, which targets the inflammatory proteins TL1A and IL-23p19. CLD-423 is currently in Phase 1 testing for ulcerative colitis and Crohn's disease, with initial data anticipated by the end of 2026.
- The combined merger and private financing are projected to fund Caldera through Phase 2 development of CLD-423. This strategic move provides a substantial financial runway, expected to support the company's operations until 2029.
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