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BioWorld - Sunday, July 12, 2026
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Home » Korsana boosts Alzheimer’s work with reverse merger, $380M financing
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Korsana boosts Alzheimer’s work with reverse merger, $380M financing

April 1, 2026
By Jennifer Boggs
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Just over a month after emerging from stealth and disclosing a $150 million series A, Korsana Biosciences Inc. is making the leap to the public market via a merger with Cyclerion Therapeutics Inc.  The agreement, which is backed by a $370 million private placement from Korsana’s investors, solidly positions the newly merged company as it heads toward the clinic with KRSA-028, a next-generation shuttled antibody targeting amyloid beta for the treatment of Alzheimer’s disease, and builds out a pipeline of neurodegenerative disease candidates.
BioWorld Deals and M&A Neurology/psychiatric Antibody U.S.

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