Gilead Sciences Inc has decided to turn a successful collaboration into ownership with an agreement to buy Arcellx Inc, a developer of cell therapies. The offer is for $115 per share in cash and one contingent value right of $5 per share which represents an implied equity value of $7.8 billion payable at the close. The two companies have been collaborating since 2022 on a chimeric antigen receptor (CAR) T cell therapy for patients with multiple myeloma.
Regulatory activity is underway to bring a new treatment for patients with thymidine kinase 2 deficiency (TK2d) to the European market, an ultra-rare disease that is characterised by progressive and severe muscle weakness. On 30 January, the European Medicines Agency issued a positive opinion for the treatment, Kygevvi (doxecitine and doxribtimine). It is expected to be reviewed by the European Commission in the second quarter for a marketing authorisation decision.
France-based Abivax SA has disclosed evidence that obefazimod, its small molecule drug candidate for inflammatory bowel disease and the subsets Crohn’s disease and ulcerative colitis, has shown evidence of anti-fibrotic activity. This has been illustrated in both preclinical human fibroblast and in vivo animal models of the disease. The data were presented at the European Crohn’s and Colitis Organization’s 21st Annual Congress in Stockholm on 21 February.
Oncology Review
Oncology drug approvals rise, led by China
Public Policy
A plan to empower the EU single market
Advanced Therapies
A business model for cell and gene therapies
Regulation and Policy
Contours of the new EU pharma
legislation are visible
Stock Market Performance
The focus is now on politics
Commentary
Reflections on JP Morgan meeting
A business model for cell and gene therapies
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