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BioWorld - Saturday, September 23, 2023
Home » Topics » Deals and M&A

Deals and M&A
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Ferring ramps up bladder cancer drug launch with Royalty deal worth up to $500M

Aug. 24, 2023
By Caroline Richards
No Comments
Ferring Pharmaceuticals A/S has struck a deal with Royalty Pharma for $500 million, capital it plans to plough into achieving a successful launch of its approved bladder cancer gene therapy, Adstiladrin (nadofaragene firadenovec), in the U.S., as well as enabling it to upgrade and expand its manufacturing sites.
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Blue-and-red-vials.png

Regeneron gets $326M through 'Project Nextgen' as HHS prepares for the future of COVID

Aug. 23, 2023
By Caroline Richards
No Comments
The COVID-19 pandemic might be officially over, but future variants could still pose a threat, and serious health consequences of the causative virus continue to arise, a fact that has prompted the U.S. government to offer Regeneron Pharmaceuticals Inc. about $326 million to develop and manufacture a next-generation COVID-19 monoclonal antibody therapy.
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Blood cells and destruction of cancer cell

Verismo, U Penn team up on two CD19 binders for novel CAR T

Aug. 23, 2023
By Marian (YoonJee) Chu
No Comments
Verismo Therapeutics Inc., the U.S. subsidiary of South Korea’s HLB Co. Ltd., inked a license agreement with the University of Pennsylvania for two newly discovered CD19 binders – one of which will be used to develop Synkir-310, its investigative CAR T therapy for blood cancers.
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US FTC taps Covington’s Liu for director of Bureau of Competition

Aug. 23, 2023
By Mark McCarty
No Comments
The U.S. Federal Trade Commission has picked Henry Liu of the law firm of Covington & Burling to run the agency’s Bureau of Competition, a seat that was vacated earlier this year when Holly Vedova retired.
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Deal illustration

Imugene in-licenses Precision Bioscience’s allogeneic CD19 CAR T in $227M deal

Aug. 22, 2023
By Tamra Sami
No Comments
Immuno-oncology company Imugene Ltd. has acquired a worldwide exclusive license to Precision Biosciences Inc.’s allogeneic CD19 CAR T-cell therapy program in a deal worth more than $227 million. The off-the-shelf CD19 CAR T-cell therapy, azercabtagene zapreleucel (azer-cel), could potentially be the first allogeneic CAR T to be approved, Imugene CEO Leslie Chong told BioWorld.
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Celltrion building and skyline

Celltrion, Celltrion Healthcare merger kicks off, rolling three-into-one ‘big pharma’

Aug. 22, 2023
By Marian (YoonJee) Chu
No Comments
South Korea’s Celltrion Inc. is rolling out a tweaked plan to merge its three affiliates – electing for a two-way merger followed by consolidation with the final branch – in its latest efforts to rise through the ranks and emerge as a “true” big pharma.
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Man with respiratory issues

Hengrui inks $1B out-licensing deal for asthma drug with One Bio

Aug. 22, 2023
By Marian (YoonJee) Chu
No Comments
With a U.S. biotech identified as One Bio, Jiangsu Hengrui Pharmaceutical Co. Ltd. has inked an out-licensing deal potentially worth $1.05 billion for its asthma and chronic sinusitis-targeting drug, SHR-1905. The latest deal gives One Bio exclusive rights to develop, produce and commercialize SHR-1905 worldwide, excluding the greater China territory.
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Tandem Control-IQ system

Tandem Diabetes secures French reimbursement for semi-closed loop system

Aug. 22, 2023
By Bernard Banga
No Comments
Tandem Diabetes Care Inc. obtained reimbursement in France for its Control-IQ technology, an advanced hybrid closed loop system for patients with type 1 diabetes that uses an algorithm to automatically adjust insulin in response to predicted glucose levels.
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Celltrion building and skyline

Celltrion, Celltrion Healthcare merger kicks off, rolling three-into-one ‘big pharma’

Aug. 18, 2023
By Marian (YoonJee) Chu
No Comments
South Korea’s Celltrion Inc. is rolling out a tweaked plan to merge its three affiliates – electing for a two-way merger followed by consolidation with the final branch – in its latest efforts to rise through the ranks and emerge as a “true” big pharma.
Read More
Man with respiratory issues

Hengrui inks $1B out-licensing deal for asthma drug with One Bio

Aug. 17, 2023
By Marian (YoonJee) Chu
No Comments
With a U.S. biotech identified as One Bio, Jiangsu Hengrui Pharmaceutical Co. Ltd. has inked an out-licensing deal potentially worth $1.05 billion for its asthma and chronic sinusitis-targeting drug, SHR-1905. The latest deal gives One Bio exclusive rights to develop, produce and commercialize SHR-1905 worldwide, excluding the greater China territory.
Read More
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