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Roche to Acquire Promedior in $1.4B Transaction

Gains full rights to Promedior's entire portfolio of molecules for serious fibrotic diseases

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By: Kristin Brooks

Managing Editor, Contract Pharma

Roche has entered into a definitive agreement to acquire Promedior, Inc. in a transaction valued at $1.39 billion. Roche will obtain full rights to Promedior’s entire portfolio of molecules for serious fibrotic diseases, notably PRM-151. Promedior, a privately held clinical-stage biotechnology company based in Lexington, MA, has successfully advanced PRM-151 in human clinical trials and received Breakthrough Therapy Designation from the FDA earlier this year for idiopathic pulmonary fib...

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