Salarius Pharmaceuticals and Decoy Therapeutics announce merger
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 13 2025
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Merger Announcement: Salarius Pharmaceuticals has signed an agreement to merge with Decoy Therapeutics, which will result in a new company named Decoy Therapeutics led by Decoy’s co-founders and Salarius’ CFO.
Ownership Structure: After the merger, Decoy investors are expected to own approximately 86% of the merged company, while Salarius stockholders will hold about 14%.
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About SLRX
Decoy Therapeutics Inc., formerly Salarius Pharmaceuticals, Inc., is a preclinical-stage biotechnology company that is leveraging machine learning and artificial intelligence (AI) tools alongside high-speed synthesis techniques to design, engineer and manufacture peptide conjugate drug candidates that target serious unmet medical needs. The Company’s initial pipeline is focused on respiratory viruses and GI cancers. In parallel, the Company is advancing discovery programs, including multi-virus decoy candidates designed to address overlapping respiratory threats, and cell-based and organoid-level validation of novel G protein-coupled receptor (GPCR)-targeted drug candidates outside of antivirals.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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