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Feb13
Corautus Genetics and VIA Pharmaceuticals Agreed on a Merger

Corautus Genetics Inc. (Nasdaq: VEGF) - formerly known as GenStar Therapeutics Corporation and Urogen Corp. - is a development stage company dedicated to the development of innovative life sciences products.

VIA.gifHeadquartered in San Francisco, California, VIA Pharmaceuticals, Inc. is a drug development company focused on compounds that target inflammation in the blood vessel wall, as an innovative approach to treatment of cardiovascular disease.

These two companies have recently signed a definitive merger agreement.

corautus.gifUnder the terms of the Agreement:

  • Corautus will issue, and VIA stockholders will receive, shares of Corautus common stock in exchange for their shares of VIA stock.
  • VIA stockholders will own approximately 76.4% and existing Corautus stockholders will own approximately 23.6% of the combined company on a pro forma, fully-diluted basis based on the delivery of $12 million of net cash at closing.
  • The merger will result to a company more focused on therapies against blood vessel wall inflammation.

    Find more details from the press release.

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