Yahoo · Sep 8, 2026
Korsana Biosciences Completes Closing of Merger with Cyclerion Therapeutics and Previously Announced Private Placement of $380 Million
Advancing lead program KRSA-028 toward the clinic, with Phase 1 healthy volunteer data expected mid-2027 and interim proof-of-concept data in Alzheimer’s patients anticipated by year-end 2027 or first quarter of 2028 Strong financial position with post-transaction cash and cash equivalents of approximately $475 million1 expected to fund operations into 2029 Shares to begin trading on Nasdaq under ticker symbol “KRSA” on September 9 WALTHAM, Mass., Sept. 08, 2026 (GLOBE NEWSWIRE) -- Korsana Biosc

