Deal-Making

PE firm Astorg to buy CordenPharma from ICIG

Astorg Partners has signed an agreement with International Chemical Investors Group (ICIG) to acquire CDMO CordenPharma. According to French private equity firm Astorg, ICIG chose to sell contract development manufacturing organization (CDMO) CordenPharma after a strategic portfolio review, which concluded its aim to focus more on its chemicals portfolio. Under the terms of the deal, ICIG  will reinvest as partners with Astorg to develop CDMO would further. “We look forward to having the opportunity to partner with ICIG and [CordenPharma’s]…

Quell and Cellistic partner to develop cell therapy platform

The aim of the collaboration is to support the expansion of Quell’s autologous T-regulatory (Treg) cell therapy pipeline using Cellistic’s knowledge of iPSC processes. Under the terms of the deal, Quell Therapeutics and human induced pluripotent stem cell (iPSC) technology development and manufacturing firm Cellistic will take part in joint research to form a process for differentiating iPSCs into functional Treg cell therapy products. According to Quell, it will contribute its Treg expertise and technologies, as well as characterizing Treg…

US Gov awards $10.6m freeze-dried plasma contract to Terumo

Terumo Blood and Cell Technologies has won a $10.6 million contract from the US Government to continue freeze-dried plasma (FDP) development. Apheresis services firm Terumo Blood and Cell Technologies has entered into a contract with the Medical Technology Enterprise Consortium (MTEC), which is an Other Transaction Agreement (OTA) with the US Army Medical Research and Development Command. In 2016, Terumo was awarded initial funding of $1.9 million (potential to be increased to $16 million) from the US Government to support…

NorthX Biologics inks vaccine partnership with Abera

NorthX has signed a partnership agreement to upscale and manufacture Abera Biosciences’ vaccine candidate against pneumococcus, Ab-01.12.   Abera is a vaccine and platform development company, which was founded in 2012 as a spinout from Swedish production firm Xbrane Bioscience. Its lead vaccine candidate Ab-01.12 is administered as a nasal spray and aims to treat pneumococcus using technology designed to protect against all variants of the bacterium. Abera is preparing the vaccine candidate for clinical trials in humans and has…

China’s I-Mab allegedly seeking asset or company sale

Shanghai-based I-Mab is in talks with global drugmakers about a potential sale of the whole company or its oncological assets, according to a Bloomberg article. The Bloomberg article claims US and EU pharmas were interested in I-Mab, given its portfolio of 10 clinical stage oncology antibodies plus access to the world’s second largest pharmaceutical market. Bloomberg noted that I-Mab has lost three-fourths of its market value since the prices for pharmaceutical companies peaked in June 2021. When it announced its…

Catalent pays Erytech $44.5m for NJ cell therapy plant

Catalent has paid Erytech $44.5 million for its 30,900 square-foot facility in New Jersey and will continue to support its lead candidate. Less than a week after the contract development manufacturing organization (CDMO) confirmed a $350 million expansion at its Bloomington, Indiana site, Catalent has acquired a commercial-scale cell therapy manufacturing facility in Princeton, New Jersey from Erytech Pharma for $44.5 million. The facility is located within the University Square Campus Park and has 16 suites that can be used…

Regeneron forks out $250m to buy Checkmate Pharmaceuticals

Regeneron will increase its research efforts in immuno-oncology through the all-cash acquisition of Checkmate Pharmaceuticals. Under the terms of the deal, Regeneron will buy Checkmate at an all-cash price of $10.50 per share of its common stock, which places the proposed acquisition at a total equity value of around $250 million. Checkmate is a clinical-stage biopharmaceutical firm focused on developing technology to treat cancer. Its lead investigational candidate is an advanced generation CpG-A oligodeoxynucleotide Toll-like receptor 9 (TLR9) delivered in…

Ilya aims to strengthen supply chain with Nordic Bioanalysis buy

Ilya Pharma has acquired its long-term partner Nordic Bioanalysis, which it says will help them support the Advanced Therapy Medicinal Product (ATMP) space. The deal, of which no financial details have been disclosed, sees clinical stage immunotherapy firm Ilya Pharma acquire Nordic Bioanalysis (NBAB), which develops pharmaceuticals and biologics, including antibodies and ATMPs. “NBAB mainly provide bioanalytical services for pharmaceuticals and medical devices. The advantages to Ilya Pharma are to de-risk our supply chain for CMC and clinical bioanalytics, the de-risking…

Asahi Kasei enters CDMO biz with Bionova buy

Through the acquisition of Bionova Scientific, the US arm of Asahi Kasei Medical will add a full-service biologics CDMO to its arsenal. US-based Bionova, which fully transitioned into a contract development and manufacturing organization (CDMO) in November 2021 with the opening of its $25 million Fremont, California facility says the acquisition adds a “strategic complementary addition†to Asahi Kasei’s bioprocess consumables, equipment, and biosafety testing services business. “We are extremely excited to become a part of Asahi Kasei. This represents…

Advanced therapy CDMO roundup: Deals for WuXi, Resilience, Fujifilm

Resilience will make gene therapies for Opus; WuXi Advanced Therapies will make CAR-Ts for Chimeric; and Fujifilm will make RNA oncology candidates for Chimeron. First up in our roundup of advanced therapy contract manufacturing deals this week is Opus Genetics, which has struck a deal with (National) Resilience to support its pipeline of adeno-associated viral (AAV) vector-based gene therapies for inherited retinal diseases. The contract development and manufacturing organization (CDMO) will provide process and analytical development, quality control testing, and…