Three biomed startups — Cerevast Medical, Novokera, and Aegeria Soft Tissue — merged to form a new entity called Longevity Biomedical.

 





Three biomed startups — Cerevast Medical, Novokera, and Aegeria Soft Tissue — merged to form a new entity called Longevity Biomedical.

 The new company is looking to raise $30M through a public listing via a SPAC merger with blank cheque company Denali Capital Acquisition Corp, formed by investment bank U.S. Tiger Securities. 

More:

  • The firm expects to raise an additional $30M through PIPE funding. 
  • The Bothell, Wash.-based firm will use the proceeds to accelerate clinical trials and preclinical studies of therapeutics and grow its team size. 
  • Longevity is poised to achieve a $236.2M valuation at the public listing. 
  • With the merger, Longevity's product portfolio includes stroke and retinal vein occlusion treatment, soft-tissue reconstruction, and a preclinical product for corneal blindness. 
  • Cerevast's CEO, Bradford Zakes, will lead the newly merged entity as its CEO and president. 
    • Zakes was formerly the CEO at ImaRx Therapeutics, which was acquired by Cerevast.

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