other material
confidence high
sentiment positive
materiality 0.85
Spruce Biosciences acquires TA-ERT for MPS IIIB; BLA submission planned 1H 2026
SPRUCE BIOSCIENCES, INC.
- Acquired exclusive worldwide license for tralesinidase alfa from BioMarin for Sanfilippo Syndrome Type B, a fatal neurodegenerative disease.
- FDA confirmed HS-NRE biomarker may reasonably predict clinical benefit and could support accelerated approval.
- BLA submission for TA-ERT anticipated in first half of 2026; fast-track, orphan, and rare pediatric designations granted.
- Cash and cash equivalents $38.8M as of Dec 31, 2024; expected cash runway through end of 2025.
- 42.2M shares outstanding, 21.4M reserved for warrants and equity as of Dec 31, 2024.