Tenaya to take in over $50 million in public offering

6 March 2025

Tenaya Therapeutics (Nasdaq: TNYA), a clinical-stage biotechnology company based in South San Francisco, has announced plans to raise approximately $52.5 million through a public offering.

The start-up said it would use the money to advance the development of its product candidates, particularly TN-201 and TN-401. Tenaya focuses on discovering, developing, and delivering therapies that address the underlying causes of heart disease.

TN-201, a gene therapy for MYBPC3-associated hypertrophic cardiomyopathy, is currently in a Phase I clinical trial. TN-401, a gene therapy for a rare heart condition, is in preclinical stages.

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