Stem Cell Specialist PrimeGen Takes SPAC Track to Nasdaq
PrimeGen US, a stem cell specialist, is going public via a Special Purpose Acquisition Company (SPAC) merger with DT Cloud Star Acquisition Corporation. The deal values PrimeGen at $1.5 billion and will fund its preclinical pipeline of triple-activated mesenchymal stem cells for acute liver injury. This move highlights SPACs as an alternative route to the public market for biotechs, especially those yet to enter clinical trials.
https://www.biospace.com/business/stem-cell-specialist-primegen-takes-spac-track-to-nasdaq