Roche continues spending spree, with acquisition of French biotech firm Trophos

16 January 2015

Continuing its recent spate of deal-making, Swiss pharma giant Roche (ROG: SIX) has agreed to acquire Trophos, a privately held biotechnology company based in Marseille, France, for up to 470 million euros ($545 million).

The transaction brings with it Trophos’ proprietary screening platform generated olesoxime (TRO19622), which is being developed for spinal muscular atrophy (SMA) – a rare and debilitating genetic neuromuscular disease that is most commonly diagnosed in children.

120 million euros up front

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