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Medera Inc., a clinical-stage biotechnology company, is set to be listed on NASDAQ through a merger with Keen Vision Acquisition (KVAC). The combined entity will have an initial enterprise value of approximately $622.6 million. Medera focuses on developing next-generation gene- and cell-based therapies for difficult-to-treat cardiovascular diseases. The transaction proceeds will accelerate Medera's three most advanced clinical programs for AAV-based gene therapy candidates.
Key highlights include:
- Medera's founders and key shareholders have committed $22.6 million
- All existing Medera shareholders are rolling 100% of their equity
- A closing condition requires Medera to have at least $40 million in available liquidity
- The merger is expected to close in Q4 2024
This NASDAQ listing aims to advance Medera's clinical and preclinical programs, potentially expediting the development of novel therapeutic solutions for patients with unmet needs.
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