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CARISMA Therapeutics Soars 36.96% on Reverse Merger News
Generated by AI AgentAinvest Pre-Market Radar
Monday, Jun 23, 2025 8:09 am ET1min read
On June 23, 2025,
surged 36.96% in pre-market trading, marking a significant rise in its stock price.CARISMA Therapeutics has announced a proposed reverse merger with OrthoCellix, a wholly-owned subsidiary of
. This merger aims to create a Nasdaq-listed, late clinical-stage regenerative cell therapy company. The combined entity will focus on developing OrthoCellix's NeoCart® technology for treating knee articular cartilage defects.The merger's financial terms include a $25 million private placement led by Ocugen and other investors, highlighting a strategic approach to risk mitigation. This move is expected to bolster CARISMA Therapeutics' position in the regenerative cell therapy market, potentially driving further growth and innovation in the field.
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