Newly-born Candid wastes no time in entering M&A market
Candid Therapeutics, a San Diego biotech focused on developing potentially transformative drugs to address autoimmune diseases, has announced its official launch.
In the same announcement, the company announced that it was acquiring fellow biotechs Vignette Bio and TRC 2004 through a simultaneous three-way merger and multi-step financing.
Explaining the reasons for its confidence in its approach, Candid cited recent ground-breaking clinical data that has showcased the pivotal role of a specific subset of immune cells, B lymphocytes, in autoimmune diseases.
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