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RA Capital’s SPAC Merger Bet

The biopharma specialist could be signaling renewed confidence in the overall VC market.

There’s new hope for the flailing SPAC market.The merger last week between the blank-check company Frazier Lifesciences Acquisition Corp. and the clinical-stage biopharma company NewAmsterdam Pharma Holding appears to be in much better financial shape than the usual post-SPAC deal these days.Just 32 percent of Frazier shares were redeemed for

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