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[{"orgOrder":0,"company":"Oruka Therapeutics","sponsor":"ARCA Biopharma","pharmaFlowCategory":"D","amount":"Undisclosed","upfrontCash":"Undisclosed","newsHeadline":"ARCA biopharma and Oruka Therapeutics Announce Merger Agreement","therapeuticArea":"Dermatology","highestDevelopmentStatus":"IND Enabling","country":"U.S.A","productType":"Small molecule","productStatus":"New Molecular Entity","date":"April 2024","url1":"","url2":"","graph1":"Dermatology","graph2":"IND Enabling"},{"orgOrder":0,"company":"Oruka Therapeutics","sponsor":"Fairmount","pharmaFlowCategory":"D","amount":"$275.0 million","upfrontCash":"Undisclosed","newsHeadline":"ARCA biopharma and Oruka Therapeutics Announce Merger Agreement","therapeuticArea":"Dermatology","highestDevelopmentStatus":"IND Enabling","country":"U.S.A","productType":"Small molecule","productStatus":"New Molecular Entity","date":"April 2024","url1":"","url2":"","graph1":"Dermatology","graph2":"IND Enabling"}]

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            Details:

            Through the merger, the company will focus on advancing Oruka’s pipeline of potentially best-in-class biologics, including ORKA-001 (an IL-23p19 inhibitor) for the treatment of plaque psoriasis.

            Lead Product(s): ORKA-001

            Therapeutic Area: Dermatology Product Name: ORKA-001

            Highest Development Status: IND Enabling Product Type: Small molecule

            Recipient: ARCA Biopharma

            Deal Size: Undisclosed Upfront Cash: Undisclosed

            Deal Type: Merger April 03, 2024

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            Details:

            The net proceeds will be used to advance Oruka’s pipeline of potentially best-in-class biologics, including ORKA-001 (an IL-23p19 inhibitor) for the treatment of plaque psoriasis.

            Lead Product(s): ORKA-001

            Therapeutic Area: Dermatology Product Name: ORKA-001

            Highest Development Status: IND Enabling Product Type: Small molecule

            Partner/Sponsor/Collaborator: Fairmount

            Deal Size: $275.0 million Upfront Cash: Undisclosed

            Deal Type: Private Placement April 03, 2024

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