Vincerx Terminates Merger Attempt, Initiates Wind-Down

Dow Jones

04/09

By Kelly Cloonan

Vincerx has terminated its previously announced intent to merge with Global Digital Holdings and is now winding down operations.

The clinical-stage biopharmaceutical company said Tuesday its board has authorized management to initiate a wind-down and continue exploring monetization of assets and out-licensing opportunities.

Acting Chief Executive Raquel Izumi said unprecedented, adverse market dynamics prevented the company from continuing the developments of its programs.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

April 08, 2025 16:26 ET (20:26 GMT)

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