Cyclerion Therapeutics to Sell Assets for $81M, CEO Transition To New Spin-Off Private Company...

Published on 12 May 2023 on Benzinga via Yahoo Finance

Cyclerion Therapeutics to Sell Assets for $81M, CEO Transition To New Spin-Off Private Company...

Cyclerion Therapeutics Inc (NASDAQ: CYCN) has agreed to sell two of its assets - zagociguat (formerly CY6463) and CY3018, to a new private company ("NewCo") formed by certain current Cyclerion shareholders and new investors who have agreed to invest $81 million.

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NASDAQ.CYCN price evolution

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Cyclerion Therapeutics to Sell Assets for $81M, CEO Transition To New Spin-Off Private Company...

NASDAQ.CYCN price evolution

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