M&A
confidence high
sentiment neutral
materiality 0.50
Lisata provides financials of acquired Cend; CEND-1 in Phase 2b for pancreatic cancer
LISATA THERAPEUTICS, INC.
- Merger of Cend into Lisata completed Sep 14, 2022; this amendment provides historical and pro forma financials of Cend.
- Cend's lead drug CEND-1 (iRGD peptide) in Phase 2b for 1L metastatic PDAC; Phase 1b showed promising safety and efficacy.
- Cend collaboration with Qilu Pharma for Greater China: $10M upfront, up to $225M in milestones, tiered royalties 10-15%.
- Cend recorded net income in 2021 from one-time license payment, but otherwise incurred losses since inception.
- Unaudited interim financials of Cend as of June 30, 2022 and pro forma combined financials of Lisata are filed.