Chi­nook rais­es $106M in pri­vate place­ment as it pre­pares to close merg­er with Aduro

As Ver­sant-backed Chi­nook pre­pares to hit Nas­daq af­ter a merg­er with Aduro, the Van­cou­ver-based biotech has se­cured al­ter­na­tive fund­ing to an IPO.

Chi­nook raised $106 mil­lion in pri­vate place­ment fi­nanc­ing, the com­pa­ny said Tues­day, which is ex­pect­ed to close im­me­di­ate­ly be­fore the merg­er is com­plet­ed. Once that’s fin­ished, like­ly some­time be­fore the end of the year, Aduro will take on the Chi­nook name and trade un­der the tick­er $KD­NY.

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