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AVROBIO, Inc. - $AVRO STOCK NEWS

Welcome to our dedicated page for AVROBIO news (Ticker: $AVRO), a resource for investors and traders seeking the latest updates and insights on AVROBIO stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect AVROBIO's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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Rhea-AI Summary
Tectonic Therapeutic, Inc. initiates enrollment in Phase 1B study for TX45, a potential therapy for Group 2 Pulmonary Hypertension with HFpEF. The study aims to evaluate safety, hemodynamic effects, and potential as a best-in-class therapy. TX45's promising Phase 1A data suggests significant therapeutic potential.
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3.28%
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Tectonic Therapeutic, Inc., a biotech company developing GPCR-targeted therapeutic proteins, announced CEO Alise Reicin's participation in two investor conferences in March 2022.
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Rhea-AI Summary
AVROBIO and Tectonic Therapeutic have entered into a definitive merger agreement, creating a Nasdaq-listed, clinical-stage biopharmaceutical company focused on advancing Tectonic’s novel GPCR-targeted therapeutic proteins. The combined company is expected to have approximately $165 million in cash and cash equivalents at close, with $130.7 million in private financing commitments. The funding will advance lead asset TX45 through multiple clinical data catalysts, addressing indications with high unmet need and no approved therapies. The merger is expected to close in the second quarter of 2024.
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-16.06%
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AVROBIO, Inc. has completed a review of its business and has decided to halt further development of its programs. The company will explore strategic alternatives to maximize shareholder value, including potential acquisitions, mergers, or other transactions. There is no guarantee that a transaction will be pursued or completed. AVROBIO has not set a timetable for completion of this evaluation process.
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45.92%
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67.95%
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AVROBIO, Inc. plans to initiate a registrational Phase 2/3 clinical trial for Gaucher disease type 3 (GD3) in the second half of 2023. They also plan to provide clinical and regulatory updates on their cystinosis program in May 2023 and initiate late-stage cystinosis clinical trial activities in the second half of 2023. AVROBIO has initiated a collaborator-sponsored Phase 1/2 clinical trial for mucopolysaccharidosis type II (MPS-II), or Hunter syndrome. Additionally, they announced the appointment of their current CFO, Erik Ostrowski, as the interim CEO.
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AVROBIO, Inc.

Nasdaq:AVRO

AVRO Rankings

AVRO Stock Data

56.56M
29.54M
1.65%
61.27%
0.32%
Biological Product (except Diagnostic) Manufacturing
Manufacturing
Link
United States of America
CAMBRIDGE

About AVRO

clinical stage company focused on delivering step-change cell & gene therapies targeting cancer and rare disease.