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Tvardi Therapeutics merges with Cara Therapeutics

PRIVATEApr 21, 2025

Acquiring Company

Tvardi Therapeutics, Inc.

Acquired Company

Cara Therapeutics

HoustonStamfordHealthcareBiotechnologyHealth CareTherapeutics

Description

Tvardi Therapeutics has completed its merger with Cara Therapeutics, creating a Nasdaq-listed company focused on STAT3 therapies for fibrosis-driven diseases. The merger is set to enhance the combined company's resources for developing important clinical treatments. Shares will begin trading under the ticker 'TVRD' on April 16, 2025. This merger marks a significant step for both companies in their drug development initiatives.

Quick answer

Tvardi Therapeutics, Inc. is acquiring Cara Therapeutics, announced April 15, 2025. Tvardi Therapeutics, Inc. is based in Houston, Texas, United States.

How much did Tvardi Therapeutics, Inc. pay for Cara Therapeutics?
The deal value was not disclosed.
What does Tvardi Therapeutics, Inc. do?
Tvardi is a privately held, clinical-stage biopharmaceutical company developing small molecule inhibitors of STAT3, a key regulatory protein positioned at the intersection of many signaling pathways integral to the..
Where are Tvardi Therapeutics, Inc. and Cara Therapeutics based?
Tvardi Therapeutics, Inc. is based in Houston, Texas, United States. Cara Therapeutics is based in Stamford, Connecticut, United States.
Who are the decision-makers at Tvardi Therapeutics, Inc?
Fundz holds 1 contact at Tvardi Therapeutics, Inc. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Tvardi Therapeutics, Inc.

Location

7000 FANNIN STREET

Houston, Texas, United States

About

Tvardi is a privately held, clinical-stage biopharmaceutical company developing small molecule inhibitors of STAT3, a key regulatory protein positioned at the intersection of many signaling pathways integral to the survival and immune evasion of cancer cells. STAT3 also plays a central role in the pathogenesis of many inflammatory and fibrotic diseases. Early clinical studies have shown that the company’s lead asset, TTI-101, is well-tolerated and has clinical activity across a broad range of tumors. To learn more, visit www.tvardi.com.

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Frequently asked

Who acquired Cara Therapeutics?

Cara Therapeutics was acquired by Tvardi Therapeutics, Inc., based in Houston. The deal was reported on April 21, 2025. Tvardi Therapeutics, Inc. is privately held and operates in Healthcare.

When did Tvardi Therapeutics, Inc. acquire Cara Therapeutics?

Tvardi Therapeutics, Inc.'s acquisition of Cara Therapeutics was reported on April 21, 2025. Tvardi Therapeutics has completed its merger with Cara Therapeutics, creating a Nasdaq-listed company focused on STAT3 therapies for fibrosis-driven diseases. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Cara Therapeutics do?

Cara Therapeutics is a commercial-stage biopharmaceutical company leading a new treatment paradigm to improve the lives of patients suffering from pruritus. It is privately held, operating in Biotechnology, and is based in Stamford.

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