Welcome to our dedicated page for Forbion European Acquisition news (Ticker: FRBN), a resource for investors and traders seeking the latest updates and insights on Forbion European Acquisition stock.
Forbion European Acquisition Corp. (FEAC), symbol FRBN, is a special purpose acquisition company (SPAC) sponsored by Forbion, a renowned life sciences specialist venture fund manager. With its headquarters in Naarden, the Netherlands, and offices in Munich, Germany, and Singapore, FEAC aims to strategically invest in and merge with promising companies in the life sciences sector.
Recently, FEAC announced the successful completion of a business combination with enGene Holdings Inc., a clinical-stage genetic medicines company. This transformative merger signifies a new chapter for both entities. enGene, now a publicly traded company under the symbol ENGN on Nasdaq, continues its mission to develop advanced therapeutic solutions for high clinical needs, particularly in the genetic medicine space.
The merger also included a concurrent transaction financing, resulting in gross proceeds of approximately $138.0 million. These funds will support the clinical development of enGene’s lead program, EG-70 (detalimogene voraplasmid), designed to treat non-muscle invasive bladder cancer (NMIBC) in patients who are unresponsive or naïve to Bacillus Calmette-Guérin (BCG) treatment. The EG-70 program, which utilizes enGene's proprietary Dually Derivatized Oligochitosan (DDX) platform, is currently in an ongoing Phase 2 pivotal study.
FEAC, with its experienced management, led by Chief Executive Officer Jasper Bos, Ph.D., brings to the table profound expertise in identifying and nurturing high-potential companies within the life sciences domain. The combination with enGene is strategically positioned to expand the reach of genetic medicines into mainstream clinical practice, offering innovative treatment options that are both effective and patient-friendly.
The business combination was unanimously approved by the boards of directors and shareholders of both FEAC and enGene, reflecting strong confidence in the merged entity's future prospects. Moving forward, enGene's robust pipeline, supported by the innovative DDX platform, is poised to address various therapeutic areas, including genitourinary and respiratory diseases, paving the way for significant advancements in medical treatments.
For more detailed information about enGene’s programs and pipeline, visit enGene.com.
FAQ
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