Decoy Appoints Renowned MIT Professor to Advisory Board Amid Merger with Salarius
Deal News | Apr 16, 2025 | EIN

Decoy Therapeutics, a preclinical biopharmaceutical company specializing in peptide-conjugate therapeutics, has announced the prestigious addition of Robert S. Langer, a renowned MIT professor and co-founder of Moderna, to its Scientific Advisory Board. This announcement coincides with an impending merger between Decoy and Salarius Pharmaceuticals. The merger aims to enhance the development of Decoy's innovative antiviral and cancer therapies. Dr. Langer's extensive experience in drug delivery systems, coupled with his groundbreaking contributions to biotechnology, is expected to significantly benefit Decoy's proprietary IMP3ACT platform. As per the merger agreement, Decoy investors will own a substantial share post-merger, with Decoy becoming a subsidiary of Salarius. The collaboration poises to revolutionize therapeutic drug development with its focus on peptide conjugates, which have shown potent activity against various diseases. This strategic move not only consolidates Decoy's research capabilities but also promises expanded pipelines for groundbreaking drug delivery solutions.
Sectors
- Biotechnology
- Pharmaceuticals
- Mergers and Acquisitions
Geography
- United States – The merger involves U.S.-based companies Decoy Therapeutics and Salarius Pharmaceuticals, along with MIT's involvement through Professor Robert Langer.
- Massachusetts – Decoy Therapeutics and MIT, where Dr. Langer is based, are located in Massachusetts, making it a relevant geographic focus.
Industry
- Biotechnology – The article discusses developments in biotech, specifically innovations in peptide-conjugate therapeutics for antiviral and cancer treatments by Decoy Therapeutics.
- Pharmaceuticals – Salarius Pharmaceuticals involves drug candidates for cancer treatment, aligning with traditional pharmaceutical industry operations.
- Mergers and Acquisitions – The article details a merger between Decoy Therapeutics and Salarius Pharmaceuticals, highlighting typical M&A activities.
Financials
- 86% – Ownership percentage of Decoy investors in the newly merged company.
- 14% – Ownership percentage of Salarius stockholders in the newly merged company.
Participants
Name | Role | Type | Description |
---|---|---|---|
Decoy Therapeutics, Inc. | Bidding Company | Company | A preclinical-stage biotech company focused on peptide-conjugate therapeutics, merging with Salarius Pharmaceuticals. |
Salarius Pharmaceuticals, Inc. | Target Company | Company | A clinical-stage biopharmaceutical company focusing on novel cancer therapies, merging with Decoy Therapeutics. |
Robert S. Langer | Advisor | Person | Renowned MIT professor and biotechnology pioneer, joining Decoy's Scientific Advisory Board. |
Massachusetts Institute of Technology (MIT) | Innovator/Academic Institution | Other | A prestigious academic institution where Robert S. Langer is a professor and key figure in technological innovations. |