Oxford Biomedica Plc of the UK has acquired ABL Europe SAS of France giving it a significant presence on the continental European market as a contract development and manufacturing organisation (CDMO). ABL Europe is owned by Institut Mérieux, a holding company controlled by the Mérieux family of Lyon.
SanReno Therapeutics, a two-year old biopharma company with headquarters in Shanghai, China, has been acquired by Novartis, giving the Switzerland-based multinational two late-stage assets for immunoglobulin A nephropathy (IgAN), a rare kidney disease. The value of the transaction, which was announced on 5 January, wasn’t disclosed. SanReno was founded in late 2021 as a joint venture between a group of venture capitalists and Chinook Therapeutics Inc, a US company with two Phase 3 assets for IgAN.
GSK Plc has reached an agreement to pay up to $1.4 billion to acquire Aiolos Bio Inc, an early clinical stage company with a respiratory product in-licensed from China. Unusually the upfront part of the deal is $1 billion, in excess of the $400 million in potential milestone payments which are contingent on reaching certain regulatory goals. The deal was announced on 9 January and will bolster GSK’s pipeline, which includes multiple respiratory products targeting interleukin 5 (IL-5), a powerful pro-inflammatory cytokine.
Novartis is to collaborate with Isomorphic Labs Ltd, a UK based digital biology company, to use artificial intelligence to discover small molecule and nucleic acid drug targets for new medicines. Based in London, Isomorphic was founded by Demis Hassabis, a co-founder of DeepMind, the creator of technology that can predict how proteins fold in order to form three-dimensional structures. This makes them eligible as drug targets.
The radiopharmaceutical sector has a new player following an agreement between Bristol Myers Squibb Co and RayzeBio Inc to combine forces to give BMS a new portfolio of experimental treatments for cancer focusing on solid tumours. Based in San Diego, US, RayzeBio is a Nasdaq listed company which was founded in 2020 to develop a treatment for patients with gastroenteropancreatic neuroendocrine tumours (GEP-NET), or tumours of the gastrointestinal tract. The company’s assets also include potential treatments for small cell lung cancer, hepatocellular carcinoma, and renal cell cancer.
AstraZeneca Plc is to expand its pipeline of cell and gene therapies with the acquisition of the China-based company Gracell Biotechnologies Inc which has a chimeric antigen receptor (CAR) T cell therapy in development for multiple myeloma. The deal value is $1.2 billion which includes an upfront cash payment as well as potential contingent value payments linked to the achievement of an undisclosed regulatory milestone. The transaction is expected to close in the first quarter of 2024.
Bristol Myers Squibb Co is to acquire the Boston, US, based company Karuna Therapeutics Inc for $14 billion in order boost its presence in neuroscience. Karuna has a candidate product for schizophrenia in registration at the US Food and Drug Administration which is expected to come up for a decision on 26 September 2024. If approved, it would provide new revenue for BMS whose other neuroscience products are currently in Phase 1.
France-based Sofinnova Partners is to take a direct role in creating new biotech companies in Europe in order to accelerate the development of novel medicines for patients. The strategy, announced on 13 December, follows similar moves by other venture capitalists who are seeking to capture the value of healthcare innovations early and guide development to a successful conclusion. Sofinnova did not disclose the size of its investment in the project which is called Biovelocita.
However it did say that the strategy has already been successful in Italy.
Switzerland-based BC Platforms AG is to increase its capacity as a provider of healthcare data to the pharmaceutical industry with the acquisition of Medexprim SAS of France. The financial terms of the transaction, which was announced on 7 December 2023, were not disclosed.
AstraZeneca Plc is to acquire Icosavax Inc of Seattle, US, a developer of virus-like particle (VLP) vaccines in a bid to strengthen its late-stage pipeline for candidate vaccines and immune therapies. The deal, valued at up to $1.1 billion if all contingent requirements are met, will build on the UK company’s experience developing two products for the prevention of respiratory syncytial virus (RSV), a major cause of acute respiratory infection in individuals of all age groups.