Viridian Therapeutics, Inc. (NASDAQ: VRDN) announced on October 20, 2025 that it has entered into a royalty financing agreement with DRI Healthcare Acquisitions LP for up to $300 million. The deal provides the company with immediate capital that can be deployed to support its clinical development programs.
The financing is specifically earmarked to accelerate the submission of the veligrotug Biologics License Application (BLA) and to expedite the topline data readouts of the VRDN‑003 REVEAL trials in patients with thyroid eye disease. By securing this funding, Viridian can reduce the time required to bring its lead therapies to market and maintain momentum in its pipeline.
This event is material because it injects significant liquidity into a company that is still in the pre‑commercial stage, enabling faster regulatory progress and reinforcing investor confidence in Viridian’s growth trajectory. The announcement is new, not covered in prior releases, and meets the criteria for a newsworthy event.
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