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Company provides a business update alongside the announcement.
Gossamer Bio, Inc. (Nasdaq: GOSS) announced an FDA regulatory update and the reacquisition of worldwide rights related to its drug candidate, seralutinib. The company also provided a business update detailing its current strategic direction and operational focus.
The reacquisition of worldwide rights for seralutinib marks a significant shift in Gossamer Bio's asset management strategy. The company did not disclose specific financial terms or timelines associated with this transition. Gossamer Bio's free float stands at 137,910,000 shares.
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