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Roche to Acquire Carmot Therapeutics for $2.7B Upfront

Lead asset CT-388 is a Phase-2 ready dual GLP-1/GIP agonist with best-in-class potential for the treatment of obesity and its comorbidities.

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By: Kristin Brooks

Managing Editor, Contract Pharma

Roche entered into a definitive merger agreement to acquire Carmot Therapeutics, Inc., a privately owned company based in Berkeley, CA with a portfolio that includes clinical stage subcutaneous and oral incretins with potential to treat obesity, as well as a number of preclinical programs.   Roche will pay $2.7 billion in cash at closing and up to $400 million depending on the achievement of certain milestones. Carmot and its employees will join the Roche Group as part of Roche’s Pharmaceutica...

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