Reverse merger · Completed · GYRE
Beijing Continent Pharmaceuticals Co., Ltd. (via GNI Group)
Reverse merger with Catalyst Biosciences, Inc. (CBIO)
Beijing Continent Pharmaceuticals Co., Ltd. (via GNI Group) merged into Catalyst Biosciences, Inc. (CBIO), a Nasdaq-listed clinical-stage biotech that sold legacy assets and distributed cash, in a reverse merger that takes the private company public. The deal was announced on Dec 27, 2022 and closed on Oct 30, 2023. The combined company trades as Gyre Therapeutics, Inc. (GYRE) on Nasdaq.
Gyre Therapeutics is a biopharmaceutical company focused on organ fibrosis and inflammatory diseases. Its operations center on Beijing Continent Pharmaceuticals, a China-based commercial company that markets pirfenidone for idiopathic pulmonary fibrosis and runs a fibrosis clinical pipeline.
- Status
- Completed
- Private company
- Beijing Continent Pharmaceuticals Co., Ltd. (via GNI Group)
- Public company
- Catalyst Biosciences, Inc. (CBIO)
- Public company business before
- Nasdaq-listed clinical-stage biotech that sold legacy assets and distributed cash
- Announced
- Dec 27, 2022
- Closed
- Oct 30, 2023
- Combined company
- Gyre Therapeutics, Inc. (GYRE)
- Exchange
- Nasdaq
- Sector
- Biotech & pharma
More on this deal for subscribers
- Concurrent financing and investors
- Contingent value rights (CVR)
- Reverse stock split
- Analyst notes from the filings
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Filings
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