Enliven comes to the rescue of Imara
Troubled Boston, USA-based rare disease specialist Imara (Nasdaq: IMRA) saw its shares rise 4.4% yesterday and a further 17% to $3.01 pre-market today, after a planned merger with fellow USA-based Enliven Therapeutics was revealed.
Earlier this year, Imara had a major setback with its Ardent Phase IIb clinical trial of tovinontrine (IMR-687) in patients with sickle cell disease (SCD) and Forte Phase IIb clinical trial of tovinontrine in patients with beta-thalassemia, leading the company to discontinue the studies. Subsequently, Imara disclosed savage job cuts as part of an extensive restructuring.
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