bluebird bio acquires Precision Genome Engineering
US clinical-stage gene therapies firm bluebird bio (Nasdaq: BLUE) says it has acquired Precision Genome Engineering, or Pregenen, a privately held biotechnology company headquartered in Seattle, Washington.
Pregenen is a leader in the development of gene editing and cell signaling technologies with a broad range of potential therapeutic applications. Bluebird, which has been building its reputation in next-gen gene therapies, last year entered a deal with US biotech firm Celgene (Nasdaq: CELG) agreeing to explore Baylor's work in CAR-Ts (chimeric antigen receptors) aimed at engineering T cells generated by the immune system into cancer killers (The Pharma Letter March 22, 2013).
Potential outlay of $140 million
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