Korsana Biosciences Completes Closing of Merger with Cyclerion Therapeutics and Previously Announced Private Placement of $380 Million
Korsana Biosciences finalized its merger with Cyclerion Therapeutics and completed a $380 million private financing, positioning the company with approximately $475 million in cash to fund operations into 2029. The combined company will begin trading on Nasdaq under ticker KRSA starting September 9, 2026. Korsana’s lead program, KRSA-028, a next-ge…