Gossamer Bio Restructures Debt and Advances Seralutinib Program

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2026.05.18 11:29
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Gossamer Bio has restructured its debt by entering a transaction support agreement with holders of 75.2% of its convertible senior notes, reducing debt from $200 million to approximately $72 million. The company plans to file a New Drug Application for seralutinib in September 2026, targeting FDA approval by Q3 2027. Despite a recent analyst rating of Sell with a $0.30 price target, Gossamer aims to strengthen its balance sheet and align incentives as it approaches potential commercialization.