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Bone Therapeutics More Interested In A Partner Than A Buyer

As Hybrigenics Pushes For Merger

 
• By Kevin Grogan

Miguel Forte, Bone Therapeutics CEO, has told Scrip that another approach from French company Hybrigenics about a merger came as a surprise, adding that his priority is the expansion of the Belgian biotech's allogenic cell therapy platform after the recent failure of its Phase III asset for knee osteoarthritis pain.

Mergers
• Source: Archive

The announcement that France's Hybrigenics Pharma would like to merge with Bone Therapeutics SA surprised many observers, not least Miguel Forte, CEO of the Belgian regenerative medicine company which suffered a late-stage setback last month for its knee osteoarthritis pain drug.

Earlier this week, Hybrigenics said it had initiated discussions with Bone "with a view to a merger of certain activities," spurred by the failure last month of the latter's most advanced candidate JTA-004,an enhanced viscosupplement gel

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