Celgene snaps up Avila Therapeutics in $925M buyout
January 26, 2012 — 8:15am ET | By John Carroll
In less than five years Avila Therapeutics nailed down a reputation
as an exciting developer of covalent drugs,
with a lead Btk
inhibitor for cancer garnering attention at a very early stage of
development. Today it turned that excitement into a $925 million
buyout deal with Celgene ($CELG), with $350 million of that
coming in cash.
The jewel in Avila's crown is AVL-292, a Btk inhibitor now in
Phase I. The dealmakers involved in the buyout snagged a $195
million commitment for milestones leading up to a potential
approval for that program. And Celgene will add the Avilomics
platform to its R&D division, with another $380 million in
back-end payments for the progress of other drug candidates that
spring off the platform.
The Bedford, MA-based biotech was named a Fierce 15 company back in
2010, not long after the company garnered its last venture round of
$30 million. Avila has been recognized for its novel approach to
protein silencing, with much of the attention centered on its lead
therapy for B cell cancers.
The developer also has two
candidates for hepatitis C--AVL-181 and AVL-192 targeting the
NS3 protein--believing that its ability to create better bonds can
deliver a best-in-class drug for one of the world's hottest disease
categories...
http://www.fiercebiotech.com/story/celgene-snaps-avila-thera…
(Avila, siehe auch Beiträge #39 und #48)
--
Steven-35, hier bitte nicht mehr kommentieren. Hier werden nur die
Deals gesammelt.
Kommentare bitte im anderen Thread, thanx
http://www.wallstreet-online.de/diskussion/1141290-neustebei…