Regeneron Pharmaceuticals, Inc. will acquire Checkmate Pharmaceuticals, Inc. in a $250m deal, marking the fourth biotech deal this month which hints at increasing appetite in investment even as the broader biotech bubble bursts.
As Biotech M&A Activity Gingerly Rises, Regeneron Makes Moves On Checkmate
Paying $250m For Vidutolimod Developer
Regeneron hopes to bolster its immuno-oncology pipeline with the acquisition of Checkmate, which joins a spate of similar deals suggesting renewed interest in biotech investment despite an industry-wide slowdown.
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