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Bayer Boosts Gene Therapy Presence With AskBio Buy

Deal Could Be Worth $4bn

 
• By Kevin Grogan

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

Bayer AG has hit the acquisition trial again to buy privately owned US group Asklepios BioPharmaceutical, Inc. (AskBio), strengthening the German major's presence in the cell and gene therapy space.

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