Candid Therapeutics, part of a wave of companies expanding immunotherapy approaches from cancer to potential new applications in autoimmune disease, will continue development of its pipeline in the public markets by combining with Nasdaq-listed biotech Rallybio.Alongside the reverse merger announced Monday, Candid reached a deal to raise $505 million in private financing to fund operations through the end of the decade. Ken Song, Candid’s current president and CEO, will be chief executive of the...
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