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Galera Therapeutics

Full company profile

uuid0004eis

Namestring
Galera Therapeutics
Legal namestring
Galera Therapeutics, Inc.
Websiteurl
galeratx.com
Company typeenum
Private
Founded yearint
2012
Descriptiontext

Galera Therapeutics was a clinical-stage biopharmaceutical company developing small-molecule therapeutics designed to address oxidative stress and related biological pathways in cancer treatment and supportive care. The company's core technology platforms consisted of proprietary superoxide dismutase (SOD) mimetics (avasopasem and rucosopasem) intended to reduce radiotherapy- and chemotherapy-induced toxicities, and nitric oxide synthase (NOS) inhibitors (tilarginine) acquired via Nova Pharmaceuticals for use in oncology and critical care indications.

The company's business model was that of a pre-revenue clinical-stage biotech with no FDA-approved products and no recurring product revenue from 2021 through 2025. Revenue, where any existed, derived from milestone payments or licensing arrangements rather than commercial sales, and value was realized primarily through eventual product commercialization, partnership monetization, or asset divestiture. The company had secured FDA Fast Track and RMAT designations for avasopasem but received a Complete Response Letter in 2023 for the radiotherapy-induced severe oral mucositis indication, triggering a 70% workforce reduction and a fundamental pivot.

Galera underwent a multi-stage corporate transformation through 2024–2026: the December 2024 acquisition of Nova Pharmaceuticals added the NOS inhibitor program; the October 2025 sale of the dismutase mimetics portfolio to Biossil for up to $105 million monetized the legacy SOD platform; and the April 2026 announcement followed by August 2026 completion of a reverse merger with Obsidian Therapeutics, concurrent with a $350 million private placement, left legacy Galera shareholders holding approximately 1.8% of the combined entity. Following the merger, Galera's independent corporate existence effectively ended, and its remaining assets became part of the Obsidian-led enterprise.

Short descriptiontext

Galera Therapeutics was a clinical-stage biopharmaceutical company developing small-molecule SOD mimetics and NOS inhibitors for cancer-related indications; pre-revenue with no approved products, it executed asset sales to Biossil and ultimately merged into Obsidian Therapeutics in 2026.

Operating statusenum
Acquired
Ownership categoryenum
Headcount rangeband
11–50
akta.pro rankint
HeadquartersMalvern, United States
HQ citystring
Malvern
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices2 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
clinical-stage biopharmaceutical, oncology therapeutics, disruptive superoxide therapeutics, radiotherapy protectants, small molecule drug development
Industry1 code
1Gastrointestinal Oncology
CodeHLAKAFAKPrimaryYes
NAICS code1 code
  • Scientific Research and Development Services5417
SIC code1 code
  • Medicinal Chemicals & Botanical Products2833
Product category
Oncology Biopharmaceuticals (Radioprotection and Radiosensitization)
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model2 records
1Pharmaceutical Product Sales
TypeOne Time License
Description

Pre-revenue biotech company. If investigational therapies receive FDA approval, the company plans to commercialize products and generate revenue through pharmaceutical sales.

galeratx.com
2Asset Divestiture/Milestone Payments
TypeLicensing Royalties
Description

Galera sold its dismutase mimetics portfolio to Biossil for up to $105 million, receiving upfront payments and potential future milestone payments. Also receives contingent value rights from merger with Obsidian.

biospace.com
Marketing channels4 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels2 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Technology or R&D, Personnel, Operations, Marketing or Sales, Others
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Core offering1 text field

Galera Therapeutics is a clinical-stage biopharmaceutical company developing a pipeline of small-molecule superoxide dismutase mimetics for oncology. Its lead candidates — avasopasem manganese (radioprotection for severe oral mucositis in head-and-neck cancer), rucosopasem manganese (radiotherapy/chemotherapy-induced lung injury), and tilarginine (tumor radiosensitizer for pancreatic cancer) — are intended to be administered alongside standard radiotherapy and chemotherapy regimens.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 2 values shown
  • One-year reductions in cisplatin-related chronic kidney disease (CKD) in head and neck cancer patients treated with avasopasem manganese from Phase 3 ROMAN trial
+1 more record
Product overview1 text field

Galera Therapeutics is a clinical-stage biopharmaceutical company developing a portfolio of proprietary small molecule drug candidates targeting critical vulnerabilities in cancer cells, immune cells, and the tumor microenvironment. The company's pipeline consists of two distinct therapeutic approaches: superoxide dismutase (SOD) mimetics (avasopasem and rucosopasem) for reducing radiotherapy-induced toxicity and enhancing cancer treatment, and nitric oxide synthase (NOS) inhibitors (tilarginine) for treating resistant breast cancers including metaplastic and triple-negative subtypes. These are investigational therapies in various stages of clinical development.

Product and service3 records
1Avasopasem manganese
CategoryRadioprotection / supportive care oncology
Description

A manganese-based small-molecule superoxide dismutase mimetic administered intravenously alongside radiotherapy to selectively protect normal oral mucosa from radiation-induced damage in patients receiving cisplatin-based chemoradiotherapy for locally advanced head-and-neck cancer.

2Rucosopasem manganese
CategoryRadioprotection / supportive care oncology
Description

A manganese-based superoxide dismutase mimetic in clinical development for the prevention of radiation- and chemotherapy-induced lung injury (pneumonitis) in patients receiving treatment for lung cancer and other thoracic tumors.

3Tilarginine
CategoryRadiosensitization / oncology therapeutics
Description

A nitric oxide synthase inhibitor in early-stage development intended to be combined with radiotherapy as a tumor-selective radiosensitizer for patients with locally advanced pancreatic cancer and other solid tumors.

Scale indicator9 records

Each record includes

Type, Value, Description, Source

Partnership5 partners
Strategic tierMajorTypeStrategic or Co-development PartnerAnnounced on2025-10-23
Description

Toronto-based company acquired Galera's dismutase mimetics portfolio including avasopasem and rucosopasem for up to $105 million. Biossil assumes development and commercialization obligations including royalties. Galera retains interest through milestone payments.

Strategic tierMajorTypeStrategic or Co-development PartnerAnnounced on2024-12-31
Description

Galera completed acquisition of Nova Pharmaceuticals, a biotechnology company developing pan-NOS inhibitors for treating resistant breast cancers including metaplastic breast cancer and triple-negative breast cancer. Deal involved issuing shares and warrants with investor funding support.

Strategic tierMinorTypeStrategic or Co-development Partner
Description

Clinical trial partner mentioned in pipeline for breast cancer trials.

Strategic tierMinorTypeStrategic or Co-development Partner
Description

Federal cancer research institute partnering on clinical trials.

5I-SPY 2 Trial Network
Strategic tierMinorTypeStrategic or Co-development Partner
Description

Investigation of Serial Studies to Predict Your Therapeutic Response with Imaging and Molecular Analysis 2 - adaptive clinical trial platform for breast cancer.

galeratx.com
Recent move7 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeBroad incumbent
Description

Oncology-focused biotech acquired by AbbVie in 2024 for $10.1B, specializing in ADCs for cancer. Comparable as a larger oncology specialty pharma developing novel mechanism-based therapies for solid tumors, including breast cancer indications like TNBC that overlap with Galera's tilarginine program.

TypeDirect peer
Description

Commercial-stage hematology and oncology specialty pharmaceutical company. Comparable as a small-to-mid-cap specialty pharma developing therapeutics for hematologic and oncologic indications using proprietary small molecule approaches.

TypeDirect peer
Description

Clinical-stage oncology company developing therapies for treatment-resistant cancers including breast cancer. Comparable as a small-cap oncology biotech targeting resistant cancer populations with proprietary small molecule mechanisms.

TypeDirect peer
Description

Specialty pharmaceutical company developing and commercializing oncology and hematology therapeutics. Comparable as a clinical/commercial-stage oncology specialty pharma with similar product profile targeting niche cancer indications.

TypeDirect peer
Description

Clinical-stage oncology biotech developing proprietary therapeutics for cancer treatment, including radiopharmaceuticals. Closely comparable to Galera as a small-cap, clinical-stage oncology company targeting underserved cancer indications with proprietary technology.

TypeDirect peer
Description

Clinical-stage oncology biotech developing therapeutics targeting the p53 pathway in cancer. Comparable as a small-cap, clinical-stage oncology company focused on novel mechanisms for resistant cancers, with similar reverse-merger/strategic alternatives history.

TypeDirect peer
Description

Clinical-stage oncology company developing antibody-drug conjugates (ADCs) for cancer treatment. Galera board member Lawrence Alleva also serves on Mersana's board. Comparable as a small-cap clinical-stage oncology biotech with similar development-stage dynamics.

TypeDirect peer
Description

Commercial-stage specialty pharmaceutical company focused on oncology and metabolic diseases, marketing cortisol modulators. Comparable to Galera as a specialty pharma company developing mechanism-based therapies in oncology with similar business model.

TypeDirect peer
Description

Clinical-stage cell therapy company that completed an August 2026 reverse merger with Galera, with the combined entity operating under the Obsidian name. Directly comparable as a small public clinical-stage oncology developer with similar financing dynamics and pre-revenue biotech structure.

TypeDirect peer
Description

Clinical-stage immuno-oncology company developing targeted therapies for solid tumors. Comparable as a small-cap, clinical-stage oncology company with similar pre-revenue biotech structure and clinical execution risk profile.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat3 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers1 record

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature5 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds10 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors15 records

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Galera Therapeutics

Oncology Biopharmaceuticals (Radioprotection and Radiosensitization)galeratx.com

Galera Therapeutics was a clinical-stage biopharmaceutical company developing small-molecule SOD mimetics and NOS inhibitors for cancer-related indications; pre-revenue with no approved products, it executed asset sales to Biossil and ultimately merged into Obsidian Therapeutics in 2026.

What Galera Therapeutics does

Galera Therapeutics was a clinical-stage biopharmaceutical company developing small-molecule therapeutics designed to address oxidative stress and related biological pathways in cancer treatment and supportive care. The company's core technology platforms consisted of proprietary superoxide dismutase (SOD) mimetics (avasopasem and rucosopasem) intended to reduce radiotherapy- and chemotherapy-induced toxicities, and nitric oxide synthase (NOS) inhibitors (tilarginine) acquired via Nova Pharmaceuticals for use in oncology and critical care indications.

The company's business model was that of a pre-revenue clinical-stage biotech with no FDA-approved products and no recurring product revenue from 2021 through 2025. Revenue, where any existed, derived from milestone payments or licensing arrangements rather than commercial sales, and value was realized primarily through eventual product commercialization, partnership monetization, or asset divestiture. The company had secured FDA Fast Track and RMAT designations for avasopasem but received a Complete Response Letter in 2023 for the radiotherapy-induced severe oral mucositis indication, triggering a 70% workforce reduction and a fundamental pivot.

Galera underwent a multi-stage corporate transformation through 2024–2026: the December 2024 acquisition of Nova Pharmaceuticals added the NOS inhibitor program; the October 2025 sale of the dismutase mimetics portfolio to Biossil for up to $105 million monetized the legacy SOD platform; and the April 2026 announcement followed by August 2026 completion of a reverse merger with Obsidian Therapeutics, concurrent with a $350 million private placement, left legacy Galera shareholders holding approximately 1.8% of the combined entity. Following the merger, Galera's independent corporate existence effectively ended, and its remaining assets became part of the Obsidian-led enterprise.

Galera Therapeutics firmographics

Firmographics
Name
Galera Therapeutics
Legal name
Galera Therapeutics, Inc.
Website
https://galeratx.com
Company type
Private
Founded year
2012
Operating status
Acquired
Headcount range
11–50 employees
Short description
Galera Therapeutics was a clinical-stage biopharmaceutical company developing small-molecule SOD mimetics and NOS inhibitors for cancer-related indications; pre-revenue with no approved products, it executed asset sales to Biossil and ultimately merged into Obsidian Therapeutics in 2026.
Ownership category
akta.pro rank

Galera Therapeutics industry classification

Industry
Product category
Oncology Biopharmaceuticals (Radioprotection and Radiosensitization)
NAICS
Scientific Research and Development Services (5417)
SIC
Medicinal Chemicals & Botanical Products (2833)
akta.pro primary industry
Gastrointestinal Oncology (HLAKAFAK)

Keywords

  • Clinical-stage biopharmaceutical
  • Oncology therapeutics
  • Disruptive superoxide therapeutics
  • Radiotherapy protectants
  • Small molecule drug development

Where Galera Therapeutics is headquartered

Location

Headquarters

HQ city
Malvern
HQ country
United States
HQ region
North America

Offices2 records

Markets served

Galera Therapeutics business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Technology or R&D, Personnel, Operations, Marketing or Sales, Others

Revenue model

  1. Pharmaceutical Product Sales: Pre-revenue biotech company. If investigational therapies receive FDA approval, the company plans to commercialize products and generate revenue through pharmaceutical sales.
  2. Asset Divestiture/Milestone Payments: Galera sold its dismutase mimetics portfolio to Biossil for up to $105 million, receiving upfront payments and potential future milestone payments. Also receives contingent value rights from merger with Obsidian.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Galera Therapeutics product offering

Product offering

Core offering

Galera Therapeutics is a clinical-stage biopharmaceutical company developing a pipeline of small-molecule superoxide dismutase mimetics for oncology. Its lead candidates — avasopasem manganese (radioprotection for severe oral mucositis in head-and-neck cancer), rucosopasem manganese (radiotherapy/chemotherapy-induced lung injury), and tilarginine (tumor radiosensitizer for pancreatic cancer) — are intended to be administered alongside standard radiotherapy and chemotherapy regimens.

Product overview

Galera Therapeutics is a clinical-stage biopharmaceutical company developing a portfolio of proprietary small molecule drug candidates targeting critical vulnerabilities in cancer cells, immune cells, and the tumor microenvironment. The company's pipeline consists of two distinct therapeutic approaches: superoxide dismutase (SOD) mimetics (avasopasem and rucosopasem) for reducing radiotherapy-induced toxicity and enhancing cancer treatment, and nitric oxide synthase (NOS) inhibitors (tilarginine) for treating resistant breast cancers including metaplastic and triple-negative subtypes. These are investigational therapies in various stages of clinical development.

Differentiator

Problem solved

Functional benefit

Products and services

  • Avasopasem manganese A manganese-based small-molecule superoxide dismutase mimetic administered intravenously alongside radiotherapy to selectively protect normal oral mucosa from radiation-induced damage in patients receiving cisplatin-based chemoradiotherapy for locally advanced head-and-neck cancer.
  • Rucosopasem manganese A manganese-based superoxide dismutase mimetic in clinical development for the prevention of radiation- and chemotherapy-induced lung injury (pneumonitis) in patients receiving treatment for lung cancer and other thoracic tumors.
  • Tilarginine A nitric oxide synthase inhibitor in early-stage development intended to be combined with radiotherapy as a tumor-selective radiosensitizer for patients with locally advanced pancreatic cancer and other solid tumors.

Quantifiable outcome

  • One-year reductions in cisplatin-related chronic kidney disease (CKD) in head and neck cancer patients treated with avasopasem manganese from Phase 3 ROMAN trial
  • +1 more outcomes

Companies that use Galera Therapeutics

Customer profile

Named customers1 record

Segments3 records

Ideal customer profiles1 record

Galera Therapeutics technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature5 records

Galera Therapeutics partnerships and signals

Strategic signal

Partnerships

Five partnerships are on record, tiered major and minor.

  • BiossilmajorStrategic or Co-development Partner · 23 October 2025Toronto-based company acquired Galera's dismutase mimetics portfolio including avasopasem and rucosopasem for up to $105 million. Biossil assumes development and commercialization obligations including royalties. Galera retains interest through milestone payments.
  • Nova PharmaceuticalsmajorStrategic or Co-development Partner · 31 December 2024Galera completed acquisition of Nova Pharmaceuticals, a biotechnology company developing pan-NOS inhibitors for treating resistant breast cancers including metaplastic breast cancer and triple-negative breast cancer. Deal involved issuing shares and warrants with investor funding support.
  • Houston Methodist Research Institute (HMRI)minorStrategic or Co-development PartnerClinical trial partner mentioned in pipeline for breast cancer trials.
  • National Cancer Institute (NCI)minorStrategic or Co-development PartnerFederal cancer research institute partnering on clinical trials.
  • I-SPY 2 Trial NetworkminorStrategic or Co-development PartnerInvestigation of Serial Studies to Predict Your Therapeutic Response with Imaging and Molecular Analysis 2 - adaptive clinical trial platform for breast cancer.

Scale indicators9 records

Recent moves7 records

Expansion highlights5 records

Galera Therapeutics competitors and assessment

Company assessment

Broad incumbents

  • ImmunoGen (AbbVie): Oncology-focused biotech acquired by AbbVie in 2024 for $10.1B, specializing in ADCs for cancer. Comparable as a larger oncology specialty pharma developing novel mechanism-based therapies for solid tumors, including breast cancer indications like TNBC that overlap with Galera's tilarginine program.

Direct peers

  • Rigel Pharmaceuticals: Commercial-stage hematology and oncology specialty pharmaceutical company. Comparable as a small-to-mid-cap specialty pharma developing therapeutics for hematologic and oncologic indications using proprietary small molecule approaches.
  • Syndax Pharmaceuticals: Clinical-stage oncology company developing therapies for treatment-resistant cancers including breast cancer. Comparable as a small-cap oncology biotech targeting resistant cancer populations with proprietary small molecule mechanisms.
  • Spectrum Pharmaceuticals: Specialty pharmaceutical company developing and commercializing oncology and hematology therapeutics. Comparable as a clinical/commercial-stage oncology specialty pharma with similar product profile targeting niche cancer indications.
  • Monopar Therapeutics: Clinical-stage oncology biotech developing proprietary therapeutics for cancer treatment, including radiopharmaceuticals. Closely comparable to Galera as a small-cap, clinical-stage oncology company targeting underserved cancer indications with proprietary technology.
  • Aprea Therapeutics: Clinical-stage oncology biotech developing therapeutics targeting the p53 pathway in cancer. Comparable as a small-cap, clinical-stage oncology company focused on novel mechanisms for resistant cancers, with similar reverse-merger/strategic alternatives history.
  • Mersana Therapeutics: Clinical-stage oncology company developing antibody-drug conjugates (ADCs) for cancer treatment. Galera board member Lawrence Alleva also serves on Mersana's board. Comparable as a small-cap clinical-stage oncology biotech with similar development-stage dynamics.
  • Corcept Therapeutics: Commercial-stage specialty pharmaceutical company focused on oncology and metabolic diseases, marketing cortisol modulators. Comparable to Galera as a specialty pharma company developing mechanism-based therapies in oncology with similar business model.
  • Obsidian Therapeutics: Clinical-stage cell therapy company that completed an August 2026 reverse merger with Galera, with the combined entity operating under the Obsidian name. Directly comparable as a small public clinical-stage oncology developer with similar financing dynamics and pre-revenue biotech structure.
  • Checkpoint Therapeutics: Clinical-stage immuno-oncology company developing targeted therapies for solid tumors. Comparable as a small-cap, clinical-stage oncology company with similar pre-revenue biotech structure and clinical execution risk profile.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

Galera Therapeutics social profiles

Digital presence

Galera Therapeutics financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Galera Therapeutics leadership team

Management profile

Number of profiles

Profiles1 record

Galera Therapeutics funding detail

Funding detail

Funding overview

Funding rounds10 records

Investors15 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Galera Therapeutics M&A and investment

M&A and investment

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Galera Therapeutics

What does Galera Therapeutics do?

Galera Therapeutics is a clinical-stage biopharmaceutical company developing a pipeline of small-molecule superoxide dismutase mimetics for oncology. Its lead candidates — avasopasem manganese (radioprotection for severe oral mucositis in head-and-neck cancer), rucosopasem manganese (radiotherapy/chemotherapy-induced lung injury), and tilarginine (tumor radiosensitizer for pancreatic cancer) — are intended to be administered alongside standard radiotherapy and chemotherapy regimens.

Is Galera Therapeutics a public or private company?

Galera Therapeutics is a private company. It is classified as public and is currently acquired.

When was Galera Therapeutics founded?

Galera Therapeutics was founded in 2012. It employs 11 to 50 people.

Where is Galera Therapeutics based?

Galera Therapeutics is headquartered in Malvern, United States, in the North America region.

How does Galera Therapeutics make money?

Two revenue lines are on record. Pharmaceutical Product Sales are the primary driver. The others are asset Divestiture/Milestone Payments.

Who are Galera Therapeutics's main competitors?

ImmunoGen (AbbVie) is listed as a broad incumbent. Direct peers are Rigel Pharmaceuticals, Syndax Pharmaceuticals, Spectrum Pharmaceuticals, Monopar Therapeutics, Aprea Therapeutics, Mersana Therapeutics, Corcept Therapeutics, Obsidian Therapeutics and Checkpoint Therapeutics.

Does Galera Therapeutics have an API?

No public API is recorded for Galera Therapeutics.

What industry is Galera Therapeutics in?

Galera Therapeutics's product category is Oncology Biopharmaceuticals (Radioprotection and Radiosensitization). Its primary akta.pro industry code is HLAKAFAK, Gastrointestinal Oncology. Its NAICS code is 5417 and its SIC code is 2833.

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Live signals
Pulse 2.0Obsidian Therapeutics Completes Galera Merger And $350 Million Private PlacementObsidian Therapeutics completed its merger with Galera and closed a $350 million private placement. The combined company will trade on Nasdaq under OBX, with new investors including Balyasny and Caligan. The financing is expected to fund operations into 2028 and support clinical milestones for OBX-115.BioWorldFinancings for Aug. 5, 2026BioWorld reported financings for Aug. 5, 2026, covering biopharma and med-tech companies including Alzamend, Apnimed, Camp4, Ceruvia, Cirrus, CND, Galera, and Obsidian. The full story requires subscription or sign-in.Business Wire BlogObsidian Therapeutics Completes Closing of Transaction with Galera Therapeutics and Previously Announced Private Placement of $350 MillionObsidian Therapeutics completed its merger with Galera Therapeutics, creating a combined clinical-stage biopharmaceutical company that will trade on Nasdaq under ticker symbol "OBX" starting August 4, 2026. The company simultaneously closed a $350 million oversubscribed private placement financing from a syndicate of new and existing investors, with post-transaction cash expected to fund operations into the second half of 2028. Key clinical milestones include Phase 1 data from the ongoing NSCLC trial expected in the first half of 2027 and topline data from the melanoma registration-enabling trial expected by year-end 2027 for lead product candidate OBX-115.FinancialContent Business PageObsidian Therapeutics Completes Closing of Transaction with Galera Therapeutics and Previously Announced Private Placement of $350 MillionObsidian Therapeutics completed its previously announced merger with Galera Therapeutics, combining the two clinical-stage biopharmaceutical companies. The transaction included an oversubscribed $350 million private placement financing from institutional investors, providing the combined company with cash runway into the second half of 2028. The combined entity will operate under Obsidian Therapeutics and its shares are expected to trade on Nasdaq under ticker symbol "OBX" on August 4, 2026, with key clinical milestones including Phase 1 NSCLC data in the first half of 2027 and melanoma registration-enabling data by year-end 2027.Stock TitanObsidian Closes Galera Merger, $350M PlacementObsidian Therapeutics completed its previously announced merger with Galera Therapeutics, with the combined entity beginning trading on Nasdaq under the ticker "OBX" on August 4, 2026. Prior to closing, Obsidian closed an oversubscribed $350 million private placement financing from a syndicate of new and existing investors. The combined company's cash position is expected to fund operations into the second half of 2028, supporting clinical milestones including Phase 1 NSCLC data in the first half of 2027 and registration-enabling melanoma data by year-end 2027 for lead product candidate OBX-115.citybizObsidian Therapeutics Completes Galera Merger and $350 Million FinancingObsidian Therapeutics completed its merger with Galera and closed a $350 million private placement, with shares expected to trade on Nasdaq on Aug. 4, 2026. The financing will fund operations through the second half of 2028 and advance its lead TIL therapy OBX-115. The company expects Phase 1 data in 2027 and melanoma trial results by end of 2027.ContractpharmaObsidian Completes Galera Merger with $350M Private Placement FinancingObsidian Therapeutics completed its merger with Galera Therapeutics and an oversubscribed $350 million private placement. The combined company will use funds to operate through the second half of 2028, supporting OBX-115 trial data expected in 2027.Stock TitanGalera Therapeutics completes $350M PIPE financingGalera Therapeutics completed a concurrent PIPE financing on July 31, 2026, raising approximately $350 million in gross proceeds from Series C Non-Voting Convertible Preferred Stock. The financing is tied to the merger with Obsidian Therapeutics, expected to close on August 3, 2026, with each Galera share receiving two contingent value rights.Defense WorldGalera Therapeutics (NASDAQ:GRTX) vs. Eagle Pharmaceuticals (NASDAQ:EGRX) Head to Head ReviewThis article presents a comparative financial analysis of Galera Therapeutics and Eagle Pharmaceuticals across eight investment metrics, with Eagle Pharmaceuticals outperforming on seven of eight factors. Eagle Pharmaceuticals shows higher revenue ($257.55 million vs. N/A) and earnings ($35.64 million vs. -$59.08 million net income) compared to Galera Therapeutics, while Galera trades at a lower price-to-earnings ratio, suggesting it is currently the more affordable of the two stocks. The comparison also notes differences in volatility (Galera has a beta of 2.6 vs. Eagle's 0.83) and institutional ownership levels (85.4% for Eagle vs. 50.8% for Galera).BiggoGalera Flags Material Rights Change, But Details Remain a Mystery for Investors — BigGo FinanceGalera Therapeutics filed a regulatory notice on July 14, 2026, flagging material changes to security holder rights without disclosing specifics. The pre-revenue biotech is also pursuing a merger with Obsidian Therapeutics and a $350 million financing package. TipRanks' Spark rates the stock Neutral, citing improved financial stability offset by cash burn and dilution risk.