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Monday, June 6, 2022

Yumanity: Agreements for Two Strategic Transactions

 Yumanity Therapeutics, Inc. to sell its clinical-stage product candidate YTX-7739 as well as its unpartnered discovery-stage neuroscience product candidates and targets to Janssen Pharmaceutica NV in a $26 million cash transaction

Kineta, Inc., a private immuno-oncology company, to merge with Yumanity in an all-stock transaction that will advance Kineta’s potential best-in-class VISTA blocking immunotherapy

The combined company expects to close a PIPE financing in connection with the proposed merger

Yumanity and Kineta to host webcast today at 8:30 a.m. EDT

Yumanity and Kineta will host a webcast today, June 06, 2022, at 8:30 a.m. EDT to discuss the proposed merger with Kineta. The conference call may be accessed at https://www.yumanity.com/investor-relations/events-presentations/.

https://finance.yahoo.com/news/yumanity-therapeutics-announces-definitive-agreements-103000748.html

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