Tvardi Therapeutics Announces Merger With Cara Therapeutics

New York – December 18, 2024 – Cooley advised Tvardi Therapeutics, a privately held, clinical-stage biopharmaceutical company focused on the development of novel, oral, small-molecule therapies targeting STAT3 to treat fibrosis-driven diseases, on its definitive merger agreement to combine in an all-stock transaction with Cara Therapeutics (Nasdaq: CARA), a development-stage biopharmaceutical company that has been leading a new treatment paradigm to improve the lives of patients suffering from pruritus. Upon completion of the merger, the combined company is expected to operate under the name Tvardi Therapeutics and trade on Nasdaq under the ticker symbol TVRD.

Lawyers Div Gupta, Rama Padmanabhan, Carlos Ramirez, Matthew Silverman, Anitha Anne, Lindsey O’Crump and Brittany Wightman led the Cooley team advising Tvardi.

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