Amicus Therapeutics acquires gene therapy portfolio with Celenex buy
New Jersey, USA-based rare diseases drugmaker Amicus Therapeutics(Nasdaq: FOLD) has dived into the gene therapy sector, agreeing to paying an upfront of $100 million plus other contingent payments to acquire privately held company, Celenex, spun out of Nationwide Children’s Hospital in Ohio.
News of the deal announced yesterday sent Amicus’ shares leaping 6.86% to $12.62 by close of trading.
It has signed a definitive agreement whereby Amicus Therapeutics will receive worldwide development and commercial rights for 10 gene therapy programs developed at The Center for Gene Therapy at The Research Institute at Nationwide Children’s Hospital and The Ohio State University that were vested in Celenex.
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