Atrium Therapeutics (RNA) said Friday it has started operations as an independent, publicly traded company with lead precision cardiology candidates ATR 1072 and ATR 1086.
The company also said it has about $270 million in cash and cash equivalents, and two undisclosed research targets.
Atrium said ATR 1072 is currently in preclinical studies for PRKAG2 syndrome, with an investigational new drug filing expected in H2, while ATR 1086 is expected to enter preclinical studies this year for phospholamban cardiomyopathy, with an IND filing targeted in 2027.
Atrium was spun out of Avidity Biosciences as part of Avidity's acquisition by Novartis (NVS). The acquisition was completed Friday, Novartis said.
Shares of Atrium Therapeutics were down 2.7% in recent Friday trading.
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