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Deal Watch: Teva's Sol Barer Leads Buyout Of IO Start-up NexImmune

 
• By Joseph Haas, Ian Haydock, Ying Huang, John Davis, and Sten Stovall

Instead of helping raise a Series A, the Teva chairman and others acquire the preclinical company, convinced of its synthetic nanotech promise in immuno-oncology. Vifor and ChemoCentryx expand their orphan and renal disease collaboration, while Gilead out-licenses an addiction drug candidate.

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Scrip regularly covers business development and deal-making in the biopharmaceutical industry. Below is a roundup of some of the most noteworthy recent transactions that occurred between Feb. 13 and 22. Deal Watch is supported by deal intelligence from Strategic Transactions.

NexImmune has not yet reached the clinic but a consortium of blue-chip investors led by Teva Pharmaceutical Industries Ltd. Chairman Sol Barer bought out the Gaithersburg, MD, biotech Feb

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