Deal-Making

BioNTech and Crescendo partner to develop precision immunotherapies

The collaboration sees BioNtech combine its multimodal immunotherapy expertise with Crescendo’s Humabody VH platform to produce precision immunotherapies. Crescendo Biologics, a clinical-stage immuno-oncology company developing targeted T cell enhancing therapeutics will contribute its transgenic platform to deliver fully human heavy-chain antibody domains (Humabody VH) against targets selected by BioNTech. This includes messenger RNA (mRNA) based antibodies, as well as engineered cell therapies that have the potential to treat patients with cancer and other diseases. Humabodies are the smallest part of…

TTP and CellFiber partner to ‘revolutionize’ CGTs

TTP’s experience will enable CellFiber’s technology to provide affordable cell production with a higher yield and better product quality, says firm. TTP, a technology and product development firm based in Cambridge, UK, says its experience in designing systems for production at scale and CellFiber’s technology has the potential to revolutionize the manufacture of cell therapies. Stem cell therapy can treat various diseases, including advanced Parkinson’s disease, cancer, diabetes, and heart disease. TTP claims that producing large quantities of these cells is complex, making…

Performance Cell acquired by PE, renamed Cellipont Bioservices

San Diego CDMO Performance Cell Manufacturing has been acquired by private equity firm Great Point Partners and will operate as Cellipont Bioservices.   Performance Cell Manufacturing (PCM), a contract development and manufacturing organization (CDMO) that has manufactured cell therapies for more than fifteen years, has been acquired by Great Point Partners (GPP) for an undisclosed fee. This is the latest move in a series of CDMO investments by GPP, which includes Cytovance Biologics, MaSTherCell (later acquired by Catalent in February…

Danaher: $10bn+ war chest in 2022 but sees no gaps in bioprocessing

Danaher Corporation claims to be the leading player in bioprocessing and hopes to strengthen the offering further in 2022 through opportunist acquisitions. In 2021, Danaher Corporation spent over $10 billion in M&A deals. The bulk of the capital – $9.6 billion – was used to enter the contract development and manufacturing organization (CDMO) through the addition of Aldevron, though other deals in the life sciences space included the addition of lipid nanoparticle tech firm Precision Nanosystems (PNI). And discussing the…

Takeda drives immuno-oncology portfolio with Adaptate buy

The acquisition will add Adaptate’s novel antibody-based delta T-cell engager platform to Takeda’s immune-oncology portfolio. Takeda is set to acquire UK firm Adaptate Biotherapeutics, a company focused on developing antibody-based therapeutics for the adaptation of variable delta 1 (Vδ1) gamma delta (γδ) T cells. In addition to gaining Adaptate’s antibody-based γδ T cell engager platform, Takeda will also obtain its preclinical candidate and discovery pipeline programs. “Adaptate’s γδ T-cell engagers are engineered to specifically activate a γδ T cell-mediated immune…

Pfizer bolsters mRNA through deals with Acuitas, Codex, and Beam

Pfizer has signaled its intention of taking mRNA beyond COVID-19 through a triad of deals announced on the first day of JP Morgan’s annual healthcare conference. Pfizer has already seen major messenger RNA (mRNA) success with BioNTech and their respective COVID-19 vaccine, BNT162b2 (Comirnaty). Now, the firm has announced its plans at JP Morgan’s healthcare conference to become an mRNA powerhouse through a triumvirate of deals. The deals, described below, see Pfizer team up with Acuitas Therapeutics, Codex DNA, and…

2022 begins with proliferation of advanced therapy CDMO investments

The Center for Breakthrough Medicines receives $350 million, Forge Biologics closes $80 million in additional funding, Piramal invests in Yapan, and GHO Capital invests in RoslinCT. Welcome to our CGT CDMO round-up. Eagle-eyed readers will remember South Korean investment firm SK Inc pledged to invest in Pennsylvania-based company the Center for Breakthrough Medicines (CBM) back in November. Now the cell and gene contract development and manufacturing organization (CDMO) has revealed SK’s involvement includes $350 million in equity financing aimed at…

Cell and gene therapy exits from Sanofi and AvroBio

Sanofi will focus its cell therapy strategy on allogeneic products, terminating its partnership with Sangamo. Meanwhile, disappointing trial results have driven AvroBio to abandon its lead gene therapy candidate for Fabry disease. The cell and gene therapy space continues to evolve but two announcements demonstrate the vicissitudes that linger over this burgeoning sector. Firstly, French Pharma giant Sanofi has ended a long-term hemoglobinopathies partnership with genomics firm Sangamo Therapeutics. “In its notice to Sangamo, Sanofi indicated that its termination relates…

ChargePoint enters liquid and fluid space with Terracon buy

ChargePoint Technology has acquired Terracon Corporation, a single-use product and accessory manufacturer used in the biopharma and life science sector. The deal sees powder transfer firm ChargePoint pay an undisclosed fee for Terracon, a company that designs, develops, and produces single-use products and accessories that can be used for transferring, mixing, and storing liquids and fluids. According to ChargePoint, the acquisition “brings us into the liquid and fluids handling space, which crosses over from a processing perspective with our AseptiSafe…

Merck KGaA to acquire Exelead in $780m deal

Germany’s Merck will strengthen its mRNA offerings through the $780 million acquisition of CDMO Exelead. Merck will strengthen its mRNA offerings within its biopharma services division MilliporeSigma after signing a definitive agreement to acquire contract development manufacturing organization (CDMO) Exelead. Exelead specializes in injectable formulations, such as lipid nanoparticles (LNPs) used in messenger RNA (mRNA) therapeutics.  The demand for mRNA capabilities in the biopharma sector has been driven by COVID-19 vaccine success. Pfizer and BioNTech’s BNT162b2 (Comirnaty) became the first mRNA COVID-19 vaccine to receive emergency…