Sole Financial Advisor to CalciMedica Inc.
- May 3, 2023
On March 20th, 2023, CalciMedica Inc. (Nasdaq: CALC), a clinical-stage biopharmaceutical company focused on developing therapies for life-threatening inflammatory diseases with high unmet need, announced the closing of its merger with Graybug Vision, Inc. CalciMedica’s stock commenced trading on March 21st.
CalciMedica is headquartered in La Jolla, CA and its management team leads the combined company following this transaction with Rachel Leheny, Ph.D. assuming the role of chief executive officer. The combined company’s board of directors is composed of seven members, five selected by CalciMedica: Robert Wilson, Fred Middleton, Allan Shaw, Eric Roberts and Rachel Leheny, Ph.D.; and two selected by Graybug: Fred Guerard, PharmD, and Eric Bjerkholt.
The combined company will focus on developing CalciMedica’s lead product candidate Auxora™ (zegocractin), a proprietary, intravenous-formulated, small molecule calcium release-activated calcium (CRAC) channel inhibitor designed to treat life-threatening inflammatory diseases includingacute pancreatitis (AP), asparaginase-associated pancreatitis (AAP) which is a toxicity caused by asparaginase treatment for pediatric acute lymphoblastic leukemia (ALL), acute kidney injury (AKI), acute lung injury (ALI) and acute respiratory distress syndrome (ARDS) for which there are no currently approved therapies.
Michael A. Margolis, R.Ph.
Title:Senior Managing Director, Co-Head of Healthcare, Head of Healthcare Life Sciences
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