AlloVir announces merger with Kalaris Therapeutics

8 November 2024

AlloVir (Nasdaq: ALVR) has entered into a definitive agreement to merge with biopharma company Kalaris Therapeutics.

The all-stock transaction will result in AlloVir acquiring all outstanding equity in Kalaris, with AlloVir shareholders retaining a 25% stake in the combined company, and Kalaris shareholders taking the remaining 75%.

The newly merged entity, expected to operate as Kalaris Therapeutics, will trade under the Nasdaq ticker “KLRS.” The combined company will begin with approximately $100 million in cash, anticipated to support operations through the fourth quarter of 2026.

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