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December 8, 2006
By: Tim Wright
Editor-in-Chief, Contract Pharma
GlaxoSmithKline (GSK) has entered an agreement to acquire Domantis Ltd., an antibody therapy developer, for $451 million in cash. The acquisition expands GSK’s biopharmaceuticals portfolio of antibody technology. Domantis, a privately-held British company, will become part of GSK’s Biopharmaceuticals Centre of Excellence for Drug Discovery (CEDD) but will continue to operate from its labs in Cambridge. Domantis’ current research programs include antibody therapies for rheu...
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