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Britain’s presenter Astrazeneca PLC, Belgian cell therapy developer Esobiotec agreed to buy up to $ 1 billion to further increase cancer opportunities.
AstraRazeneca can spend more than $ 575 million in advance and development and regulation of $ 575 million, and companies said on Monday.
As the CEO, Pascal Soriot wins the rising prizes in the competition market for cancer medicines, such as Tagrisso, as a astra, a astra target the potential generation.
According to Astra, Esobiotec’s platform, Astra, according to Astra, strengthening the immune system to attack cancer. It uses target viruses to engineize direct immune cells in a person’s body and can allow treatment to be delivered to the current standard of several weeks.
Astra shares rose less than 1% in the early London trade. This year, this year won about 15%.
Current car-t cell treatments require doctors to collect patients cells, engineering engineering and then infuse them in a patient. Although these drugs can treat certain cancers, it is expensive and difficult to produce, the desire to develop medicines that can engineize the cells in the body.
In January, ESOBIotec said he tested experimental therapy for many myeloma with China’s Shenzhen Pregene Biopharma Co. The goal is to achieve an infant-free bone marrow without requiring chemotherapy to obtain lenfodepletion if necessary in traditional car treatment.
According to the conditions of the transaction, ESobiotec Astra will be a subsidiary and will conduct operations in Belgium. The operation is expected to be closed in the second quarter. Earlier, Esobiotec removed only 22 million euros ($ 24 million).
Astra in a separate cancer deal on Monday, Astra agreed to the license to form subcutaneous drug formulations from Alteogen Inc. Did not disclose their financial information.
This story was first displayed Fortune.com
