Baxter to acquire Chatham Therapeutics for $70 million

3 April 2014

USA-based Baxter International (NYSE:BAX) says it has agreed to acquire Chatham Therapeutics, a private biotechnology company developing treatments for hemophilia.

As a result of the transaction, Baxter – which last week announced plans to split into two businesses (The Pharma Letter March 28) - will acquire Chatham’s developmental gene therapy programs directed toward the development and commercialization of treatments for hemophilia.

Under the terms of the deal, Baxter will make an initial payment of $70 million to acquire all of the outstanding membership interests of Chatham. Baxter may make additional payments in the future based on specified development, regulatory and commercial milestones.

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