Yarrow Bioscience (YARW) said Monday that it has completed its merger with VYNE Therapeutics and the previously announced private financings totaling approximately $200 million.
The combined company will operate as Yarrow Bioscience and its shares are expected to begin trading on the Nasdaq Capital Market on Tuesday under the ticker symbol YARW.
The combined company will be led by President and Chief Executive Officer Rebecca Frey, Chief Operating Officer Rachael Alford, and Chief Financial Officer Tyler Zeronda.
Bill Lundberg, former chief executive of biotech firm Merus, will become chairman of the board of directors.
Yarrow said its lead product candidate, YB-101, is a potential first-in-class anti-thyroid-stimulating hormone receptor monoclonal antibody designed to directly disrupt the central mechanism driving both Graves' disease and thyroid eye disease in a single targeted treatment.
The company also said it has initiated dosing in a Phase 2a/2b trial of YB-101 in patients with Graves' disease, with or without concurrent thyroid eye disease. Phase 2a data are expected in the second half of 2027.
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