Juno Therapeutics acquires AbVitro, adding next-gen single cell sequencing capabilities

12 January 2016
mergers-acquisitions-big

US biopharma company Juno Therapeutics (Nasdaq: JUNO) revealed yesterday that it has acquired AbVitro, a privately held biotechnology company based in Boston, Massachusetts.

The acquisition provides Juno with a leading next-generation single cell sequencing platform that will augment Juno’s capabilities to create best-in-class engineered T cells against a broad array of cancer targets. However, the news sent Juno’s shares 4% lower to $34.78 in morning trading on Monday.

Juno and US biotech major Celgene Corp (Nasdaq: CELG) have agreed in principle to enter into an agreement to license Celgene a subset of the acquired technology and to grant Celgene options to certain related potential product rights emanating from the acquired technology. Last year, Juno entered a 10-year collaboration with Celgene which involves a initial of $1 billion, of which $150 million upfront (The Pharma Letter June 30, 2015).

This article is accessible to registered users, to continue reading please register for free.  A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.

Login to your account

Become a subscriber

 

£820

Or £77 per month

Subscribe Now
  • Unfettered access to industry-leading news, commentary and analysis in pharma and biotech.
  • Updates from clinical trials, conferences, M&A, licensing, financing, regulation, patents & legal, executive appointments, commercial strategy and financial results.
  • Daily roundup of key events in pharma and biotech.
  • Monthly in-depth briefings on Boardroom appointments and M&A news.
  • Choose from a cost-effective annual package or a flexible monthly subscription
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed

Chairman, Sanofi Aventis UK

Companies featured in this story

More ones to watch >


Today's issue

Company Spotlight





More Features in Biotechnology