Oak Hill Bio and Research Alliance Corporation III Announce Business Combination Agreement to Create Publicly Listed Rare Disease Biotechnology Company to Advance Antisense Oligonucleotide Therapy Rugonersen for Angelman Syndrome
Research Alliance Corporation III (RACC) announced a definitive business combination agreement with Oak Hill Bio to create a publicly listed rare disease biotechnology company focused on advancing rugonersen for Angelman syndrome.
Why it matters — This provides RACC with a merger target — Oak Hill Bio — and the deal is expected to fund development of rugonersen through Phase 3 readout and potential NDA submission in the second half of 2029.