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Celgene to acquire Avila Therapeutics for $350m plus $575m in milestones

 
• By Sukaina Virji

Celgene is to acquire Avila Therapeutics, a privately held biotechnology company developing targeted covalent drugs that treat diseases through protein silencing, for $350 million in cash, plus up to $195 million for milestones related to its lead product candidate, and a further $380 million in milestones related to the productivity of Avila's Avilomics platform.

Celgene is to acquire Avila Therapeutics, a privately held biotechnology company developing targeted covalent drugs that treat diseases through protein silencing, for $350 million in cash, plus up to $195 million for milestones related to its lead product candidate, and a further $380 million in milestones related to the productivity of Avila's Avilomics platform.

Avila's investors include Abingworth, Advent Venture Partners, Atlas Venture, Polaris Venture Partners and the Novartis Option Fund

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