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Clinical-stage company with lead program YB-101 in Phase 1b/2b development for Graves' disease in the US, with Phase 1 trial for thyroid eye disease being conducted in China by partner GenSci. Announced a definitive merger agreement with VYNE Therapeutics Inc. in December 2025, expected to close in Q2 2026, and secured $200 million in pre-closing financings. Phase 1b data expected in second half of 2027.
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