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Swiftmerge Acquisition Corp (NASDAQ: IVCP) has announced a non-binding letter of intent for a business combination with HDL Therapeutics, a biotech firm specializing in cardiovascular treatments. This merger aims to leverage HDL's FDA-approved technology for reducing high-risk coronary atheroma in patients with homozygous familial hypercholesterolemia. Cardiovascular diseases claim approximately 17.9 million lives annually, highlighting the importance of HDL's innovations. Swiftmerge, valued at $225 million, anticipates accelerating HDL's commercial development of therapies that target severe heart disease. The merger is subject to due diligence and board approval, with a definitive agreement expected by Q2 2023.
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