Telomir Pharmaceuticals (NASDAQ: TELO) announced the closing of its acquisition of TELI Pharmaceuticals, Inc., establishing the company as the sole global rights holder of Telomir-1 (Telomir-Zn) and eliminating prior geographic fragmentation of the asset. The transaction, approved by shareholders in March, includes $1.0 million in funding at closing and up to an additional $4.0 million in milestone-based contributions tied to clinical development progress.
The company said the acquisition strengthens its position as it advances Telomir-Zn toward the clinic following a recent IND submission for the treatment of advanced and metastatic triple-negative breast cancer, with plans to initiate a Phase 1/2 trial upon regulatory clearance while retaining flexibility for potential global partnerships.
To view the full press release, visit https://ibn.fm/DcY4o
About Telomir Pharmaceuticals
Telomir Pharmaceuticals, Inc. (NASDAQ:TELO) is a preclinical-stage biotechnology company developing small-molecule therapeutics designed to target fundamental epigenetic and metabolic mechanisms implicated in cancer, aging, and degenerative disease. The Company’s lead program, Telomir-1 (Telomir-Zn), has demonstrated activity in preclinical studies involving modulation of intracellular metal homeostasis, redox balance, epigenetically regulated gene expression, mitochondrial function, and genomic stability.
NOTE TO INVESTORS: The latest news and updates relating to TELO are available in the company’s newsroom at https://ibn.fm/TELO
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