1. Scrip
  2. >>Therapy Areas
  3. >>Anticancer

Sanofi-Aventis to pay up to $560 million for single product TargeGen

 
• By Sukaina Virji

Sanofi-Aventis is to acquire the privately held US biopharmaceutical firm TargeGen for $75 million up front and additional milestone payments related to the development of its lead product, TG 101348, which could see the deal valued at a total of $560 million.

Sanofi-Aventis is to acquire the privately held US biopharmaceutical firm TargeGen for $75 million up front and additional milestone payments related to the development of its lead product, TG 101348, which could see the deal valued at a total of $560 million.

TargeGen is developing small-molecule kinase inhibitors for the treatment of certain forms of leukaemia, lymphoma and other haematological malignancies and blood disorders. TG101348, an oral Janus kinase 2 (JAK-2) inhibitor in development for the treatment of myeloproliferative diseases, has completed a Phase I/II trial in patients with myelofibrosis

Read the full article – start your free trial today!

Join thousands of industry professionals who rely on Scrip for daily insights

  • Start your 7-day free trial
  • Explore trusted news, analysis, and insights
  • Access comprehensive global coverage
  • Enjoy instant access – no credit card required
Start Free Trial

Already a subscriber?

More from Anticancer

Merck’s Welireg Adrenal Tumor Rollout Targets Specialized Centers

 
• By Alaric DeArment

The drugmaker won US FDA approval for the HIF-2α inhibitor in pheochromocytoma and paraganglioma, a rare cancer of the adrenal glands, in adolescents and adults.

China Biopharma Podcast

 
• By Dexter Jie Yan and Xu Hu

Join our China-based editors Dexter Yan and Xu Hu in this Chinese-language podcast looking at some of their recent interviews and other key coverage.

iTeos/GSK To Terminate Collaboration After TIGIT Trials Flop

 
• By Alaric DeArment

Belrestotug is the latest anti-TIGIT candidate to fail to meet expectations. iTeos said it will pursue strategic alternatives.

‘Market Developments’ Persuade Galapagos To Rethink Spin-Off

 
• By Andrew McConaghie

CEO Paul Stoffels exits early to be succeeded by Henry Gosebruch, who will now consider ‘all options’ for the Belgian firm as it tries to claw back investor confidence.

More from Therapeutic Category

Leo Roars To A Profit In Q1 As Adbry Grows In US

 
• By Kevin Grogan

The Danish firm's atopic dermatitis drug is holding its own despite strong competition from Sanofi/Regeneron’s Dupixent.

Multiple Launches Help Lilly’s Japan Growth

 
• By Ian Haydock

Lilly saw solid growth for its business in Japan last year on the back of several new launches and is building its obesity and Alzheimer's portfolios in the country.

Novo Nordisk Looks To Septerna For Oral Obesity Options

 
• By Mary Jo Laffler

Deal Snapshot: The Danish drugmaker is partnering with GPCR drug discovery expert Septerna to develop multiple small molecules for cardiometabolic targets.