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Novartis completes acquisition of Tourmaline Bio

by mariel | Oct 28, 2025 | Portfolio News

Novartis completed its acquisition of Tourmaline Bio following the previously announced all-cash agreement at $48/share.

Boston Scientific to acquire Nalu Medical for $533M (cash)

by mariel | Oct 17, 2025 | Portfolio News

Nalu Medical agreed to be acquired by Boston Scientific for $533 million in cash (excluding Boston Scientific’s existing strategic investments).

Veradermics announces oversubscribed $150M Series C financing

by mariel | Oct 16, 2025 | Portfolio News

Veradermics closed an oversubscribed $150 million Series C financing led by SR One to fund Phase 3/registrational work for its lead program.

Zenas BioPharma and InnoCare announce “transformational” license agreement (MS + autoimmune pipeline)

by mariel | Oct 8, 2025 | Portfolio News

Zenas announced a license agreement for global development/commercialization rights to orelabrutinib for MS and additional autoimmune assets; Phase 3 activity in progressive MS was underway/initiating.

Somatus announces mortality reduction results from new kidney disease care model study

by mariel | Oct 1, 2025 | Portfolio News

Somatus reported results from a new study showing a statistically significant reduction in mortality for kidney disease patients, reinforcing outcomes from its care model.

Roche to acquire 89bio (ETNB) in deal valued up to ~$3.5B

by mariel | Sep 17, 2025 | Portfolio News

Roche entered into a definitive merger agreement to acquire 89bio, including $14.50/share cash at closing plus a contingent value right tied to milestones.

Kestra reports Q1 FY26 results; increases full-year FY26 revenue guidance

by mariel | Sep 11, 2025 | Portfolio News

Kestra reported ~$19M revenue in Q1 FY26 (+52% YoY), improved gross margin, and increased FY26 revenue guidance to $88M.

Mirum completes enrollment in Phase 2b VISTAS study of volixibat

by mariel | Sep 8, 2025 | Portfolio News

Mirum announced completion of enrollment in the Phase 2b VISTAS study of volixibat in PSC cholestatic pruritus; topline data expected in 2Q 2026.

Rapid Micro Biosystems enters five-year, $45M term loan facility

by mariel | Aug 12, 2025 | Portfolio News

Rapid Micro Biosystems entered into a five-year, $45 million term loan facility with $20 million funded at closing to strengthen financial flexibility.

Endeavor BioMedicines receives Orphan Drug Designation for taladegib (ENV-101) in IPF

by mariel | Jul 16, 2025 | Portfolio News

Endeavor announced Orphan Drug Designation from both the European Commission and U.S. FDA for taladegib (ENV-101) for idiopathic pulmonary fibrosis; the company is enrolling WHISTLE-PF (Phase 2b).
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Maggie Jamison

mjamison@longitudecapital.com

650-854-5700

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