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Servier to Acquire Agios' Oncology Business for ~$2B

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Servier to Acquire Agios' Oncology Business for ~$2B

Servier to Acquire Agios' Oncology Business for ~$2B

Shots:

  • Agios to receive ~$1.8B upfront in cash & ~$200M as regulatory milestones for Vorasidenib along with 5% royalties on sales of Tibsovo in the US from transaction close through the loss of exclusivity and 15% royalties on sales of vorasidenib in the US from first commercial sale through the loss of exclusivity
  • The acquisition is expected to close in Q2’21. The acquisition allows Servier to strengthen its product portfolio and drug development pipeline in oncology
  • The transaction includes the transfer of Agios' oncology portfolio and associated employees- including its Tibsovo and pipeline and clinical programs- including vorasidenib

 ­ Ref: PRNewswire  | Image: Enzo Life Sciences

Click here to­ read the full press release 

Tuba

Tuba was Senior Editor at PharmaShots. She was curious, creative, and passionate about recent updates and innovations in the life sciences industry. She covered Biopharma, MedTech, and Digital health segments. Tuba also had an experience in digital and social media marketing and ran the campaigns independently. She can be contacted at connect@pharmashots.com.

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