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Vesicor Therapeutics and Black Hawk Acquisition have signed a business combination agreement to create a biotechnology company focused on p53-based cancer therapeutics. The deal values Vesicor at $70 million pre-money equity value and is expected to complete in Q4 2025.
Founded in 2008 by Dr. Luo Feng, Vesicor's main product candidate is ecm-RV/p53, a genetically engineered microvesicle loaded with p53 mRNA. While unapproved in the US and Japan, the drug has been administered to patients with advanced breast, pancreatic, prostate, lung, and colorectal cancer in Tokyo since 2018 under Japan's Advanced Medical Care B program.
Key transaction points:
- Vesicor will become a wholly-owned subsidiary of Black Hawk
- Existing shareholders will roll over 100% of their equity
- Six-month lock-up period for certain shareholders
- Combined company will be listed on Nasdaq
Vesicor plans to begin US preclinical testing and submit an FDA investigational new drug application in 2026.