Juno Therapeutics buys X-BODY, expanding its antibody engineering strength

2 June 2015

In a second acquisition in less than a month, USA-based biotech firm Juno Therapeutics (Nasdaq: JUNO) announced today that it has acquired X-BODY Inc, a privately held biotechnology company with nine employees based in Waltham, Massachusetts.

The acquisition furthers Juno's strategy of investing in technologies that augment the company's capabilities to create best-in-class engineered T cells against a broad array of cancer targets. The acquisition brings in-house to Juno an innovative discovery platform that interrogates the human antibody repertoire, rapidly selecting fully human antibodies with desired characteristics, even against difficult targets.

Deal involves initial $21 million cash, plus shares

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