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AstraZeneca Acquires Caelum Biosciences

AstraZeneca will advance and accelerate ongoing Phase III development of CAEL-101, a potential first-in-class medicine for AL amyloidosis.

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By: Kristin Brooks

Managing Editor, Contract Pharma

Fortress Biotech, Inc., a biopharmacompany focused on acquiring, developing and commercializing promising products and product candidates cost-effectively, and a company it founded, Caelum Biosciences, Inc., a biotechnology company developing treatments for rare and life-threatening diseases, closed AstraZeneca’s acquisition of Caelum for approximately $150 million.   The agreement also provides for additional potential payments to Caelum stockholders totaling up to $350 million, payable upon ...

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