{"id":97647,"date":"2020-10-26T12:54:19","date_gmt":"2020-10-26T09:54:19","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/germanys-bayer-to-buy-us-gene-therapy-specialist-askbio\/"},"modified":"2020-10-26T12:54:19","modified_gmt":"2020-10-26T09:54:19","slug":"germanys-bayer-to-buy-us-gene-therapy-specialist-askbio","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/germanys-bayer-to-buy-us-gene-therapy-specialist-askbio\/","title":{"rendered":"#Germany’s Bayer to buy US gene therapy specialist AskBio"},"content":{"rendered":"

“#Germany’s Bayer to buy US gene therapy specialist AskBio<\/strong>”<\/p>\n

\n German health care company Bayer said Monday it is buying Asklepios BioPharmaceutical, a U.S.-based firm specializing in gene therapy, in a deal worth up to $4 billion.<\/p>\n

Bayer said it will pay $2 billion up front for privately held AskBio plus “potential success-based milestone payments” of up to another $2 billion. About three-quarters of the latter are expected to be due over the next five years, it added.<\/p>\n

AskBio is headquartered at Research Triangle Park, North Carolina, and has facilities in Edinburgh, Paris and San Sebasti\u00e1n, Spain.<\/p>\n

The acquisition will allow Bayer to advance “the establishment of a cell and gene therapy platform that can be at the forefront of breakthrough science<\/a>, contributing to preventing or even curing diseases caused by gene defects and further driving company growth in the future,” Bayer CEO Werner Baumann said.<\/p>\n

Bayer said it will own full rights to AskBio’s gene therapy platform, but AskBio “will continue to operate as an independent company on an arm’s-length basis.”<\/p>\n

Regulatory app<\/a>roval is required for the transaction, which is expected to close during the current quarter.\n <\/p>\n\n

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Germany’s Bayer completes purchase of Monsanto<\/a>\n <\/div>\n

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\n \u00a9 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.<\/p>\n

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\n Germany’s Bayer to buy US gene therapy specialist AskBio (2020, October 26)
\n retrieved 26 October 2020
\n from https:\/\/medicalxpress.com\/news<\/a>\/2020-10-germany-bayer-gene-therapy-specialist.html<\/p>\n

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