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Calidi Biotherapeutics went public via a SPAC merger with First Light Acquisition in a $335m deal.

Synopsis

Calidi Biotherapeutics, a developer of oncolytic virus-based immunotherapies, went public via a SPAC merger with First Light Acquisition, a special purpose acquisition company, in a $335m deal. “We founded Calidi in 2014 with a mission to develop a new generation of targeted immunotherapies that could revolutionize the treatment of cancer. Our team has worked diligently to build on decades of research with human stem cells and develop two novel off-the-shelf platforms designed to directly target and attack tumor cells throughout the body, and we are proud of our promising clinical results to-date. Calidi’s cutting-edge platforms NeuroNova, targeting high-grade gliomas, and SuperNova, targeting solid tumors, use allogeneic stem cells in our clinical efforts to bring a universal cancer treatment to a broad patient population who need access to new treatment options. We look forward to pushing the boundaries of cell-based virotherapies and continuing to research novel ways to eradicate cancer in this next step as a public company,” Allan Camaisa, Calidi Biotherapeutics CEO and Chairman of the Board.

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