Korro Bio completed the merger with Frequency Therapeutics in a $170m deal.

Korro Bio, a biotechnology company, completed the merger with Frequency Therapeutics, a regenerative medicine company, in a $170m deal. The financing is led by Surveyor Capital and Cormorant Asset Management and participation from Atlas Venture, NEA, Platanus, Qiming Venture Partners USA, MP Healthcare Venture Management, Eventide Asset Management, Fidelity Management & Research Company LLC, Invus, Point72, Verition Fund Management, Monashee Investment Management, Sixty Degree Capital and additional investors. “Following comprehensive review and consideration of our strategic options, management and our Board of Directors believe the merger with Korro Bio provides the best opportunity for the company and its stockholders. Korro Bio’s RNA editing technology leverages genetics transiently, expanding the target space to intervene in biology in a unique manner. We are confident in their ability to bring forward important genetic medicines with the potential to transform the lives of patients," David. L. Lucchino, Frequency Therapeutics CEO.