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Biogen Agrees to Acquire HI-Bio for $1.15B

HI-Bio’s lead asset, felzartamab, is a monoclonal antibody with potential to improve clinical outcomes in a broad range of immune-mediated diseases.

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By: Charlie Sternberg

Associate Editor

Biogen Inc. and Human Immunology Biosciences (HI-Bio), a privately-held clinical-stage biotechnology company focused on targeted therapies for patients with severe immune-mediated diseases (IMDs), have entered into a definitive agreement under which Biogen will acquire HI-Bio for $1.15 billion upfront and up to $650 million in potential milestone payments. About HI-Bio’s Lead Asset HI-Bio’s lead asset, felzartamab, is a fully human anti-CD38 monoclonal antibody that has been shown in clinic...

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