other material
confidence high
sentiment positive
materiality 0.70
Galecto rebrands as Damora Therapeutics (DMRA); $535M cash; DMR-001 IND mid-2026
Damora Therapeutics, Inc.
- Name changed from Galecto to Damora Therapeutics; trades on Nasdaq as DMRA from March 10, 2026.
- Preliminary cash and cash equivalents ~$535M as of Feb 28, 2026, including ~$316M from Feb 2026 public offering.
- DMR-001 (anti-mutCALR antibody) IND/CTA on track for mid-2026; proof-of-concept data expected mid-2027.
- DMR-002 IND/CTA planned for H2 2026; DMR-003 IND/CTA in 2027.
- Acquisition of privately held Damora closed Nov 2025 with ~$285M private investment.