Regulus Therapeutics (Nasdaq: RGLS) saw its shares leap 133% to $7.84 in pre-market activity this morning, on the news it has agreed to be acquired by Swiss pharma giant Novartis (NOVN: VX).
San Diego, USA-based Regulus is a clinical-stage biopharmaceutical company focused on developing microRNA therapeutics.
Regulus’ lead asset, farabursen, is a potential first-in-class, next-generation oligonucleotide targeting miR-17 for the treatment of autosomal dominant polycystic kidney disease (ADPKD).
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