AVRO /
Tectonic
AVROBIO and Tectonic plan to combine in merger
What happened
AVROBIO and Tectonic entered into a merger agreement dated Jan. 30, 2024. Under the agreement, Tectonic will become a wholly owned subsidiary of AVROBIO, subject to stockholder approval and other customary closing conditions.
Tectonic is a biotechnology company focused on discovering and developing GPCR-targeted therapies. The merger and a planned private financing are expected to close in Q2 2024.
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AVROBIO and Tectonic plan to combine in merger
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