• Kalaris Therapeutics and AlloVir have finalized their merger, with the combined entity operating under the Kalaris name and trading on Nasdaq as KLRS, led by CEO Andrew Oxtoby.
• The merged company has secured approximately $100 million in cash, providing financial runway into Q4 2026 to support the continued development of TH103, a novel anti-VEGF therapy for retinal diseases.
• TH103, engineered by Dr. Napoleone Ferrara, aims to address limitations of current neovascular age-related macular degeneration treatments with initial Phase 1 data expected in the second half of 2025.