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Deals in Depth: August 2024

 
• By Deanna Kamienski and Maureen Riordan

Six $1bn+ alliances were penned in August. In the top alliance by deal value, ImmuneOnco Biopharmaceuticals licensed Instil Bio global rights (excluding China, Taiwan, Macau, and Hong Kong) to develop and commercialize its PD-L1xVEGF bispecific antibody IMM2510 and the next-generation anti-CTLA-4 antibody IMM27M. The deal could be worth over $2bn. The candidates have potential in treating advanced solid tumors.

Deals In Depth

In the top M&A, Baxter International Inc. signed a definitive agreement in which investment firm Carlyle will acquire its kidney care segment, to be named Vantive, for $3.8bn. Vantive offers products and services for peritoneal dialysis, hemodialysis and organ support therapies, including continuous renal replacement therapy. Vantive's brands include Sharesource (a remote patient management system), Homechoice Claria (an automated peritoneal dialysis system), and Amia (an automated peritoneal dialysis system).

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