Biogen to acquire HI-Bio, expanding its pipeline in immunology with focus on felzartamab
05/22/24, 12:07 PM
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biotechnology
health care
biotechnology research
Biogen Inc. (Nasdaq: BIIB) has entered into a definitive agreement to acquire Human Immunology Biosciences (HI-Bio™), a clinical-stage biotechnology company, for $1.15 billion upfront and up to $650 million in potential milestone payments. This strategic move aims to enhance Biogen's capabilities in immunology by adding HI-Bio’s lead asset, felzartamab, to its pipeline, which has shown promising impact on key biomarkers and clinical endpoints in severe immune-mediated diseases.
Company Info
Location
Cambridge, Massachusetts, United States
Company info
Founded in 1978, Biogen is a leading global biotechnology company that has pioneered multiple breakthrough innovations including a broad portfolio of medicines to treat multiple sclerosis, the first approved treatment for spinal muscular atrophy, and two co-developed treatments to address a defining pathology of Alzheimer’s disease. Biogen is advancing a pipeline of potential novel therapies across neurology, neuropsychiatry, specialized immunology and rare diseases and remains acutely focused on its purpose of serving humanity through science while advancing a healthier, more sustainable and equitable world.
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