Troutman Pepper represented Palvella Therapeutics, Inc. (NASDAQ: PVLA), a clinical-stage rare disease biopharmaceutical company, in the completion of its previously announced reverse merger with Pieris Pharmaceuticals, Inc. (Pieris). The combined company operates under the name Palvella Therapeutics, Inc., and its shares began trading on the Nasdaq Capital Market on December 16, 2024, under the ticker symbol “PVLA”.
Founded and led by rare drug disease drug development veterans, Palvella Therapeutics is focused on developing and commercializing novel therapies to treat patients suffering from serious, rare genetic skin diseases for which there are currently no FDA-approved therapies. Palvella is developing a broad pipeline of product candidates based on its patented QTORIN™ platform, with an initial focus on serious, rare genetic skin diseases, many of which are lifelong in nature. Palvella’s lead product candidate, QTORIN™ 3.9% rapamycin anhydrous gel (QTORIN™ rapamycin), is currently in the Phase 3 SELVA clinical trial in microcystic lymphatic malformations and a Phase 2 trial in cutaneous venous malformations.
Palvella was initially a participant in the firm’s SEED Program, which combines the resources of an experienced, multidisciplinary team into an affordable package for startups, early-stage, and fast-growing companies. Clients receive legal counsel, mentoring, relationship-building opportunities, and more. The team advising Palvella in the merger includes Chris Miller, Joe Walsh, Stephen Fox, Alex Yarbrough, Roe Granger, Ella Ogundare, Phoebe Cooper, Regina Tisdale, Saba Ashraf, Judy O’Grady, Michael Crumbock, Jessica Rothenberg, and Dawn Hall.