Pharma BD Deal Intelligence

Quince Therapeutics, Inc. / Orphai Therapeutics Inc.

2026 · Acquisition/Merger · Complete

Outcome grade pending — assessed 5 years post-close.

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The coverage arc

May 18, 2026 globenewswire.com Neutral

Data from Phase 2a study of LAM-001 on top of standard of care in PH-ILD patients with refractory PH demonstrated clinically meaningful improvement in multiple…

May 18, 2026 quincetx.com Neutral

Quince entered into a definitive agreement for a private placement financing to raise up to $187 million in gross proceeds, which includes $115 million in…

May 18, 2026 stocktitan.net Neutral

Quince Therapeutics (QNCX) acquires Orphai and secures up to $187M PIPE. The Series C non-voting convertible preferred plus warrant structure preserves…

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Quince Therapeutics acquired Orphai Therapeutics, a clinical-stage biotech, bringing in lead asset LAM-001 (inhaled rapamycin) for rare pulmonary diseases including PH-ILD and bronchiolitis obliterans syndrome. Concurrent private placement of up to $187 million ($115M upfront plus up to $72M warrants) led by Balyasny Asset Management.

Key facts

Related deals — scored

DealYearValueOutcome
Quince Therapeutics, Inc. / Orphai Therapeutics Inc. (this deal)2026
Pfizer Inc. / FoldRx Pharmaceuticals201099
Abbott Laboratories / Knoll Pharmaceuticals (BASF Pharma)2000$6.9B95
Astra AB / Zeneca Group plc1998$35.0B94
Merck & Co. Inc. / Acceleron Pharma Inc.2021$11.5B90
Johnson & Johnson / Actelion Ltd2017$30.0B90
Eli Lilly and Company / Boehringer Ingelheim GmbH2011$444M89

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