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BioWorld - Saturday, January 28, 2023
Home » Topics » Deals and M&A

Deals and M&A
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GE enters 3D bioprinting partnership with ASLS

Dec. 9, 2019
By Nuala Moran
No Comments
LONDON – GE Healthcare Life Sciences is bringing its heft to 3D bioprinting in an agreement with Advanced Solutions Life Science Inc. (ASLS), in which the partners aim to automate the production of quality-assured, vascularized tissues, for bone, soft tissue and organ replacements.
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Janssen paying Xbiotech up to $1.35B to license its IL-1a inhibitor

Dec. 8, 2019
By Nuala Moran
No Comments
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Viewray sees an additional $139M with collaborations with Elekta, Medtronic

Dec. 6, 2019
By Annette Boyle
No Comments
As part of newly announced collaborations with Cleveland-based Viewray Inc., Elekta AB assumed a 9.9% stake in the company, and Medtronic plc also made a minority investment. The company's largest shareholder, Fosun International Ltd., also led the round. "In total, the company raised approximately $139 million, net of fees," Viewray President and CEO Scott Drake told BioWorld MedTech.
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Rapt licenses FLX-475 to Hanmi in deal worth up to $118M

Dec. 5, 2019
By Jihyun Kim
No Comments
HONG KONG – Rapt Therapeutics Inc., of San Francisco, and Seoul, South Korea-based Hanmi Pharmaceutical Co. Ltd. entered a license agreement for Rapt’s FLX-475 in Asia. FLX-475 is an oral, small-molecule CCR4 antagonist for cancer treatment. 
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Veracyte seeks wider diagnostics footprint with Nanostring licensing deal

Dec. 4, 2019
By Meg Bryant
No Comments
Genomic testing firm Veracyte Inc., of South San Francisco, has inked a definitive agreement with Seattle-based Nanostring Technologies Inc. for the global rights to Nanostring’s Ncounter platform. The deal – for $50 million in cash and Veracyte stock, plus up to $10 million in potential milestone payments – will allow Veracyte to develop and commercialize diagnostic tests on Nanostring’s Ncounter Flex system.
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Alteogen licenses ALT-B4 to a top 10 global pharma in potential $1B+ deal

Dec. 3, 2019
By Jihyun Kim
No Comments
HONG KONG – South Korean company Alteogen Inc. signed a nonexclusive global license agreement with a top 10 global pharmaceutical company for its recombinant human hyaluronidase enzyme, ALT-B4, in exchange for an up-front payment of $13 million. It is also eligible to receive additional payments of up to $1.37 billion tied to the achievement of development, regulatory approval and sales milestones. While the undisclosed big pharma will secure the global rights to develop and commercialize multiple products in combination with the Hybrozyme technology, Alteogen will be responsible for the clinical and commercial supply of ALT-B4 materials.
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GI Innovation licenses GI-101 to Simcere at maximum $796 million

Dec. 3, 2019
By Jihyun Kim
No Comments
HONG KONG – Seoul, South Korea-based GI Innovation Inc. has licensed to Nanjing, Jiangsu-based Simcere Pharmaceutical Co. Ltd. rights to its immunotherapy drug candidate, G1-101, a bispecific CD80/interleukin2 (IL-2) variant fusion protein.
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Non-andante, Audentes: Gene therapy pace picking up with $3B Astellas buyout

Dec. 3, 2019
By Randy Osborne
No Comments
Audentes Therapeutics Inc. CEO Matthew Patterson early last month characterized results with lead compound AT-132 in X-linked myotubular myopathy (XLMTM) as “unprecedented in neuromuscular disease,” and the value apparently wasn’t lost on Tokyo-based Astellas Pharma Inc., which signed a deal worth about $3 billion to take over the company. Shares of Audentes (NASDAQ:BOLD) closed at $58.93, up $30.32, or 106%, on word of the buyout – which pairs the two firms’ gene therapy expertise and is slated to close in the first quarter of next year – at a cost of $60 per share in cash.
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Alteogen licenses ALT-B4 to a top 10 global pharma in potential $1B+ deal

Dec. 3, 2019
By Jihyun Kim
No Comments
HONG KONG – South Korean company Alteogen Inc. signed a nonexclusive global license agreement with a top 10 global pharmaceutical company for its recombinant human hyaluronidase enzyme, ALT-B4, in exchange for an up-front payment of $13 million.
Read More

Astellas buying Audentes for $3B to create gene-therapy powerhouse

Dec. 3, 2019
By Randy Osborne
No Comments

<p>Shares of Audentes Therapeutics Inc. (NASDAQ:BOLD) were trading pre-market at $58.97, up $30.36, or 106% on word of the takeover by Astellas Pharma Inc., which is paying $60 per share in cash for an equity value of about $3 billion.</p>


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