Bayer sets up JV with CRISPR for genetic diseases

21 December 2015

German pharma major Bayer (BAYN: DE) and gene-editing start-up CRISPR Therapeutics have entered into an agreement to create a joint venture to discover, develop and commercialize new breakthrough therapeutics to cure blood disorders, blindness, and congenital heart disease.

CRISPR Therapeutics will contribute its proprietary CRISPR-Cas9 gene-editing technology and intellectual property, while Bayer will make available its protein engineering expertise and relevant disease know-how. It is the first long-term strategic partnership of its kind to make a substantial investment in the development of target delivery systems in an effort to bring systemic in vivo CRISPR-Cas9 gene editing technology applications to patients.

At least $335 million deal

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