Filed by Homology Medicines, Inc.
pursuant to Rule 425 under the Securities Act of 1933
and deemed filed pursuant to Rule 14a-12
under the Securities Exchange Act of 1934
Subject Company: Homology Medicines, Inc.
Filers SEC File No.: 001-38433
Date: November 16, 2023
The following
contains communications Homology Medicines, Inc. (Homology) made to its employees via email on November 16, 2023.
Frequently Asked Questions for Homology Employees
1. What was todays announcement about?
A:
Were excited to announce that Homology is taking a major next step in our companys development with plans to merge with Q32 Bio Inc. (Q32). The transaction is expected to close in the first quarter of 2024, subject to
customary closing conditions.
2. What does this mean for employees?
A: The combined company will operate as Q32 Bio Inc., advancing the development of Q32s two clinical development candidates, bempikibart (ADX-914) in Phase 2 for the treatment of atopic dermatitis and alopecia areata, and ADX-097 entering Phase 2 for the treatment of complement disorders.
4. What funding does this provide?
A: The combined
company is expected to have a cash balance of approximately $115 million at close, which is expected to provide cash runway through several value-creating milestones and into mid-2026.
5. What will happen to our Executive Team?
A: Q32
management will lead the combined company led by Jodie Morrison as Chief Executive Officer. As announced today, starting November 15, Albert Seymour, Ph.D. and W. Bradford Smith will no longer be Chief Executive Officer and Chief Financial
Officer, respectively, of Homology. Going forward, Paul G. Alloway, Ph.D. and Charles Michaud, Jr. will lead the Company with Dr. Alloway serving as the Companys President, Chief Operating Officer and Secretary and Mr. Michaud
serving as the Companys Vice President, Corporate Controller and Treasurer through the date of the closing of the merger.
6. What will happen to
our Board?
A: At closing, the Board of Directors of the combined company is expected to be comprised of nine members, consisting of seven members
designated by Q32 and two members designated by Homology.
9. Will the name of our company change?
A: Yes. Homology will change its name at the close of the transaction. At the close of the transaction, the combined company name will be Q32 Bio
Inc.