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New Deal


Announced

Completed

Talaris Therapeutics completed the merger with Tourmaline Bio.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Private

Single Bidder

Majority

Merger

Acquisition

United States

Friendly

clinical research

Biotechnology

Completed

Synopsis

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Talaris Therapeutics, a biotechnology company, completed the merger with Tourmaline Bio, a late-stage clinical biotechnology company. Financial terms were not disclosed. “We are thrilled to close this transaction and move Tourmaline into its next phase as a public company, leading an IL-6 renaissance and continuing to accelerate TOUR006 through late-stage clinical trials in TED, ASCVD and other diseases,” Sandeep Kulkarni, Tourmaline Managing Director and CEO.

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