After being ditched by Candid, Rallybio finds Avenzo to take its Nasdaq listing

Rallybio and Avenzo Therapeutics announced a merger agreement on June 1, 2026, under which Rallybio will acquire Avenzo; the combined company will operate as Avenzo Therapeutics and trade on Nasdaq under the ticker AVZO; Rallybio’s assets and legacy business will be largely divested, while Avenzo brings next‑generation oncology programs and a $215 million financing.

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Rallybio Corporation and Avenzo Therapeutics Announce Merger Agreement to Advance Next-Generation Oncology Therapies and $215 Million Concurrent Private Placement