Paragon Labs has strengthened its leadership by integrating the former senior team of Apogee Therapeutics following Apogee's $10.9 billion acquisition by AbbVie. This expanded team will support the clinical development of Paragon-discovered assets and spearhead new company formations, starting with Velaris Therapeutics, which focuses on therapies for pulmonary hypertension and cardiopulmonary diseases. Velaris, the ninth company launched from Paragon's discoveries, was recently acquired by Alaunos Therapeutics, enhancing its portfolio in cardiopulmonary treatments. This move leverages Paragon's proven model of combining discovery with clinical and operational expertise to accelerate bringing novel biologics to patients.
Paragon Labs and Velaris Therapeutics are the subjects of this update. For readers following the health sector, here is Pluang's market snapshot as of Oct 13, 2026 16:51 WIB: Of 128 priced health-sector US stocks tradable on Pluang, 80 rose and 41 fell today. Alcon AG (ALC) was priced at USD 65.28 with a 1-day change of +1.45% and 100% buy order activity, Ginkgo Bioworks Holdings Inc (DNA) was at USD 11.62 with a -1.44% change and 65% buy order activity, and Abeona Therapeutics Inc (ABEO) was at USD 4.83 with a -1.43% change.
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