Lexington, MA-based Synageva BioPharma, a developer of drugs for rare diseases, announced today that it will be merging with Durham, NC-based viral disease drug developer Trimeris (NASDAQ: [[ticker:TRMS]]) in an all-stock deal. The combined company will be called Synageva BioPharma and will be led by the Synageva management team. The new publicly traded company will include members of Syngeva and Trimeris on its board and will focus on developing novel therapeutics for patients with rare diseases. Synageva raised $25 million in private equity funding earlier this spring.
Author: Erin Kutz
Erin Kutz has a background in covering business, politics and general news. She holds a bachelor’s degree in journalism from Boston University. Erin previously worked in the Boston bureau of Reuters, where she wrote articles on the investment management and mutual fund industries. While in college, she researched for USA Today reporter Jayne O’Donnell’s book, Gen Buy: How Tweens, Teens and Twenty-Somethings Are Revolutionizing Retail. She also spent a semester in Washington, DC, reporting Capitol Hill stories as a correspondent for two Connecticut newspapers and interning in the Money section of USA Today, where she assisted with coverage on the retail and small business beats. Erin got her first taste of reporting at Boston University’s independent student newspaper, as a city section reporter and fact checker and editor of the paper’s weekly business section.
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