Movantik is approved in Israel, under the brand name Moventig, for the treatment of opioid … Chinook Therapeutics, Inc. (NASDAQ: KDNY), a clinical-stage biopharmaceutical company focused on the discovery, development and commercialization of precision medicines for kidney diseases, today announced three poster presentations and one oral presentation at ASN’s Kidney Week 2020 Reimagined. Prior Chinook stockholders collectively own approximately 39.5% of the combined company, prior Aduro stockholders collectively own approximately 39.9% of the combined company and investors in the Chinook private placement financing collectively own approximately 20.6% of the combined company. • Performance & security by Cloudflare, Please complete the security check to access. © 1985 - 2020 BioSpace.com. “With a strong cash position, a promising pipeline and our dedication to treating patients with debilitating kidney diseases, we are well positioned to achieve value-generating milestones and build a leading company in the kidney disease space.”. V5T 4T5 If you are on a personal connection, like at home, you can run an anti-virus scan on your device to make sure it is not infected with malware. Contact:Noopur Liffick Another way to prevent getting this page in the future is to use Privacy Pass. “Chinook’s merger with Aduro and entry into the public market is a transformative event that will propel the development of our atrasentan, BION-1301 and CHK-336 programs, and drive forward our research and discovery programs for other rare, severe chronic kidney diseases with large unmet medical needs,” said Eric Dobmeier, president and chief executive officer of Chinook Therapeutics. Advancement of additional research and discovery programs focused on the treatment of rare, severe chronic kidney diseases. When the transaction is completed, the combined company is expected to have about $200 million in cash, cash equivalents and marketable securities at closing. Chinook Therapeuticsinvestors@chinooktx.commedia@chinooktx.com, Vice President Chinook seeks to build its pipeline by leveraging insights in kidney single cell RNA sequencing, human-derived organoids and new translational models, to discover and develop therapeutics with differentiating mechanisms of action against key kidney disease pathways. and William Blair acted as co-placement agents for the private placement financing. Combined Company Will H ave Over $275 Million in Operating Capital and Trade on Nasdaq under the Ticker Symbol “KDNY” VANCOUVER, British Columbia and SEATTLE, Oct. 05, 2020 (GLOBE NEWSWIRE) -- Chinook Therapeutics, Inc. (NASDAQ: KDNY), a clinical-stage biotechnology company focused on the discovery, development and commercialization of precision medicines for kidney diseases, today announced the closing of its merger with Aduro Biotech, Inc. and $115 million priva.
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