inozyme pharma announces executive bonuses amid merger plans

Inozyme Pharma, Inc. (NASDAQ:INZY), a pharmaceutical company with a market capitalization of $256 million, has disclosed that its board of directors approved transaction bonuses for key executive officers in connection with a merger agreement. This announcement is based on a recent filing with the Securities and Exchange Commission (SEC).

As per the filing, the agreement involves Inozyme Pharma, BioMarin Pharmaceutical (NASDAQ:BMRN), Inc., and Incline Merger Sub, Inc., a wholly owned subsidiary of BioMarin. The merger agreement was initially signed on May 16, 2025. According to InvestingPro data, Inozyme maintains a strong liquidity position with more cash than debt on its balance sheet, though the company is currently experiencing rapid cash burn.

On May 30, 2025, Inozyme’s board compensation committee sanctioned bonuses for Chief Financial Officer Sanjay Subramanian and Chief Operating Officer Dr. Matthew Winton. Mr. Subramanian is set to receive a $350,000 cash bonus, while Dr. Winton will receive $320,000. These bonuses are contingent on their continued employment through the merger’s closing date and will be dispensed within 30 days post-closing.

Inozyme Pharma, headquartered in Boston, Massachusetts, is incorporated in Delaware and operates within the pharmaceutical preparations sector. The company is listed on the Nasdaq Global Select Market under the ticker INZY.

The information about the executive bonuses and merger plans was detailed in the SEC filing, emphasizing the ongoing strategic developments at Inozyme Pharma.

In other recent news, Inozyme Pharma Inc . has been in the spotlight following its acquisition agreement with BioMarin Pharmaceutical Inc. This acquisition, valued at approximately $270 million, involves BioMarin’s purchase of Inozyme at $4.00 per share, a notable increase from Inozyme’s previous market valuation. Analysts from TD Cowen have responded by downgrading Inozyme’s stock rating from Buy to Hold, adjusting the price target to $4.00. Meanwhile, H.C. Wainwright maintains a Buy rating with a $16.00 price target, highlighting the potential of Inozyme’s INZ-701 treatment for ENPP1 Deficiency.

BioMarin’s acquisition of Inozyme is expected to bolster its enzyme therapy portfolio, particularly with the inclusion of INZ-701, a Phase 3 enzyme replacement therapy. This strategic move aligns with BioMarin’s focus on therapies for serious genetic conditions. Piper Sandler has also adjusted its price target for Inozyme to $23, maintaining an Overweight rating and emphasizing the company’s promising regulatory path for INZ-701.

Inozyme recently published a significant study in JBMR Plus, detailing the severe health risks associated with ENPP1 Deficiency. The study underscores the urgent need for effective treatments, as the condition leads to serious complications from infancy through adulthood. Inozyme’s investigational therapy, INZ-701, is designed to address these challenges, with pivotal trial data anticipated in early 2026. As the acquisition progresses, investors are closely monitoring the integration of INZ-701 into BioMarin’s portfolio.

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