AstraZeneca to acquire EsoBiotec for ~$1B
Shots:
- AstraZeneca to acquire EsoBiotec, which will operate as AstraZeneca’s subsidiary, while maintaining its operations in Belgium to advance cell therapy
- As per the deal, AstraZeneca will acquire all outstanding equity of EsoBiotec on a cash & debt-free basis for ~$1B, incl. $425M upfront at closing & ~$575M in development & regulatory milestones; closing is expected Q2’25
- Acquisition will add EsoBiotec’s ENaBL platform, enhancing AstraZeneca’s cell therapy capabilities by utilizing targeted lentiviruses which can be administered via IV to deliver genetic instructions to immune cells, programming them to destroy tumor cells without immune cell depletion
Ref: AstraZeneca | Image: EsoBiotec
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Ridhi is an avid secondary researcher who follows trends in the biopharmaceutical and healthcare sectors to curate engaging content for the global audience. She works as a news editor at PharmaShots and loves to read books and explore new destinations.
