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Telomir Pharmaceuticals agreed to acquire TELI Pharmaceuticals, gaining global rights to its cancer and aging drug candidate, Telomir-1.
Telomir Pharmaceuticals has signed a binding agreement to acquire TELI Pharmaceuticals, gaining worldwide rights to its lead drug candidate, Telomir-1, which targets cancer, aging, and age-related diseases.
The deal unites intellectual property across key markets including the U.S., Europe, China, Japan, and India, creating a single global entity to advance development.
TELI shareholders will exchange shares for Telomir stock based on an independent valuation, with up to $5 million in potential funding tied to development milestones.
Telomir-1 has shown promise in preclinical studies for multiple conditions, including cancers, metabolic disorders, and genetic aging syndromes.
The transaction is pending shareholder approval.
Telomir Pharmaceuticals acordó adquirir TELI Pharmaceuticals, obteniendo los derechos globales de su candidato a fármaco contra el cáncer y el envejecimiento, Telomir-1.