Bayer Boosts Gene Therapy Presence With AskBio Buy

Deal Could Be Worth $4bn

After buying BlueRock Therapeutics outright last year, the Leverkusen-headquartered group has put down $2bn up front to acquire another cell and gene therapy specialist in Asklepios BioPharmaceutical.

Bayer Pharma AG, Administration and laboratory buildings of Bayer HealthCare Pharmaceuticals in Berlin-Wedding on June 14, 2017, Germany - Image
Bayer pays $2bn up front to buy AskBio • Source: Archive

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