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Mustang Bio Amends Asset Agreement with uBrieGene Biosciences

The lease of the facility in Worcester, MA and related contracts are to be transferred to uBriGene following receipt of landlord consent.

Mustang Bio, Inc., a clinical-stage biopharmaceutical company, has amended its previously announced asset purchase agreement with uBriGene Biosciences Inc., the U.S. subsidiary of uBriGene Group, a cell and gene therapy CDMO. uBriGene acquired all of Mustang’s assets primarily relating to the manufacturing and production of cell and gene therapies for a consideration of $6 million in cash. Mustang’s lease to the premises in Worcester, MA where its clinical- and commercial-scale cell and gene ...

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