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Spirogen folded into MedImmune for as much as $440 million
October 15, 2013
By: Gil Roth
President, Pharma & Biopharma Outsourcing Association
AstraZeneca‘s biologics R&D arm, MedImmune, has acquired Spirogen, a privately-held biotech company focused on antibody-drug conjugate (ADC) technology for use in oncology. Spirogen’s proprietary pyrrolobenzodiazepine (PBD) technology attaches highly potent cytotoxic agents to specific cancer-targeting antibodies using biodegradable linkers. MedImmune will acquire 100% of Spirogen’s shares for $200 million upfront, with the potential for another $240 million based on reaching predeter...
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