Two small rare disease firms agree to join forces
Rafael Holdings (NYSE: RFL) and Cyclo Therapeutics (Nasdaq: CYTH) have agreed to merge, with the goal of focusing on the development of Trappsol Cyclo (hydroxypropyl beta cyclodextrin).
The therapy is in development for the treatment of Niemann-Pick Disease Type C1 (NPC), a rare and fatal genetic disorder.
This strategic move comes at a crucial time for the global NPC treatment market, which was valued at approximately $45.4 million in 2022.
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