Sanofi is to pay $1bn up front to acquire privately held biotech Amunix Pharmaceuticals, Inc., which is developing products designed to overcome safety issues that have hampered the development of T-cell engager therapeutics in solid tumors. Amunix could also receive up to $225m upon reaching certain development milestones. The deal rides the wave of several bolt-on acquisitions made by the French big pharma group in 2021.
$1bn Amunix Buy Brings Sanofi Next-Generation TCE Platform
Masking Technology Could Address Safety Limitations Of Solid Tumor Candidates
The deal bolsters Sanofi’s immuno-oncology pipeline and marks its sixth acquisition this year.
More from Deals
• By
Plus deals involving GV20/Mitsubishi Tanabe, Kaken/Alumis, AstraZeneca/Alteogen and deal terminations involving Clover/Gavi Alliance and Rhythm/RareStone.
• By
The obesity market leader has unveiled its second deal in days, paying $75m upfront for a potential first-in-class ACSL5 inhibitor, while the deal also provides some respite for Lexicon.
• By
Plus deals involving Relmada/Trigone, Alvotech/Xbrane, OPKO Health/Entera, iOncologi/TargImmune and more.
• By
Merck & Co., which already has an oral PCSK9 inhibitor in Phase III, licensed Hengrui’s Lipoprotein(a)-lowering small molecule HRS-5346 outside of Greater China for $200m up front.
More from Business
• By
The four-year-old firm said it plans to advance programs toward the clinic from the funding round, which comes just over a year after signing two major pharma partnerships.
• By
A Phase III trial testing the cortisol modulator showed a benefit on PFS and OS in patients with platinum-resistant ovarian cancer.
• By
Senior executives from AstraZeneca, BMS, Novo Nordisk, Takeda and Regeneron outline how big pharma's global capability centers (GCCs) in India are evolving beyond cost efficiency, focusing on innovation, “agile experimentation” and new technology including GenAI, virtual & augmented reality, with some positioned as COEs. Will Indian multinationals use the GCC approach?