X4 Pharmaceuticals has signed a definitive agreement to merge with a wholly owned subsidiary of Arsanis in an all-stock transaction.

The merger is set to result in a combined company operating under the name of X4 Pharmaceuticals.

The new biopharmaceutical company will have its headquarters at X4 Pharmaceuticals’ existing facility in Cambridge, Massachusetts.

It will focus on development and commercialisation of X4P-001, the lead product candidate of X4 Pharmaceuticals and the advancement of the company’s pipeline of treatments for rare diseases and cancers.

“The will enhance our research and development capabilities in Europe through Arsanis’ Vienna facility.”

X4 Pharmaceuticals president and CEO Dr Paula Ragan said: “Our lead product candidate, X4P-001, is expected to begin a Phase III trial in WHIM syndrome in the first half of 2019.

“WHIM syndrome is a serious, genetic primary immunodeficiency disease that is caused by a mutation in the CXCR4 receptor, the precise pathway targeted by X4P-001. X4P-001 has been shown in a Phase II clinical trial to increase neutrophils and lymphocytes in the blood and decrease wart lesions, a hallmark symptom of WHIM syndrome.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“The merger with Arsanis would provide X4 with additional financial resources, bolster our management, clinical development and regulatory teams and enhance our research and development capabilities in Europe through Arsanis’ Vienna facility.”

Existing stockholders of X4 Pharmaceuticals and Arsanis are expected to own around 70% and 30% of the combined company respectively.

The merger is currently expected to close in the first quarter of next year, subject to approval from stockholders and the satisfaction of other customary conditions.