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AstraZeneca Goes All In on Next-Gen Cell Therapy with $1B EsoBiotec Deal 🔬💰
AstraZeneca Goes All In on Next-Gen Cell Therapy with $1B EsoBiotec Deal 🔬💰
Big pharma moves fast, and AstraZeneca just made a billion-dollar bet on the future of cell therapy. The company is acquiring Belgian biotech EsoBiotec for up to $1B, securing cutting-edge in vivo CAR-T tech that could revolutionize cancer & autoimmune treatments. 🚀
What’s the deal?
âś… $425M upfront, up to $575M tied to milestones
✅ In vivo CAR-T: No more extracting & modifying cells in a lab—treatment happens inside the patient’s body. This strategy not only simplifies the manufacturing process but also has the potential to make CAR-T cell therapies more accessible to a broader patient population. 💉
âś… Faster, cheaper, more accessible vs. traditional CAR-T therapies . This approach contrasts with traditional ex vivo methods that require extracting, modifying, and reinfusing cells, potentially improving treatment accessibility and reducing costs.
This isn’t AstraZeneca’s first move in the space. The company recently snapped up Gracell Biotechnologies, and this latest acquisition cements its play for leadership in cell therapy. 🏆