Repare Therapeutics Inc. recognized as a clinical-stage precision oncology company, announced that regarding its definitive arrangement agreement with XenoTherapeutics, Inc. and Xeno Acquisition Corp., certain significant shareholders have entered into support and voting agreements to back the proposed transaction. Under this arrangement, Xeno, a non-profit biotechnology company, will acquire all issued and outstanding common shares of Repare. Entities affiliated with BVF Partners L.P., Blue Owl Healthcare Opportunities, and OrbiMed have each committed to vote their shares in favor of the special resolution required to approve the transaction.
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With these recent agreements, combined with the earlier commitments from Repare’s directors and executive officers, shareholders representing roughly forty percent of the company’s outstanding common shares have now pledged their support for the transaction. This demonstrates strong alignment among key investors and leadership in moving forward with the acquisition.
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Repare Therapeutics is advancing precision oncology through its proprietary synthetic lethality platform, designed to identify and develop innovative cancer therapies that exploit genomic instability. The company focuses on highly targeted treatments that address DNA damage repair mechanisms. Its clinical-stage pipeline includes RP-3467, a Phase 1 Polθ ATPase inhibitor, and RP-1664, a Phase 1 PLK4 inhibitor, both aimed at providing new options for patients with difficult-to-treat cancers.
The company stated that these shareholder commitments reflect confidence in Repare’s scientific strategy and the potential benefits of combining efforts with Xeno to enhance research capabilities and expand therapeutic development. This partnership is expected to strengthen the company’s ability to deliver impactful cancer therapies while maintaining a focus on precision and innovation.
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