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Sobi to Acquire CTI BioPharma in $1.7B Deal

The transaction is expected to diversify Sobi's portfolio of leading hematology medicines through CTI's lead product, VONJO.

CTI BioPharma, a commercial biopharmaceutical company focused on targeted therapies for blood-related cancers, entered into a definitive agreement under which Swedish Orphan Biovitrum AB (SOBI), a provider of hematology, immunology, and specialty care, will acquire CTI in an all-cash transaction, representing an equity value of approximately $1.7 billion. The transaction, which is expected to close in the third quarter of 2023, is also expected to diversify Sobi’s portfolio of leading h...

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