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EsoBiotec to Be Acquired by AstraZeneca to Advance Cell Therapy Ambition - AstraZeneca (NASDAQ:AZN)

  • AstraZeneca has agreed to acquire EsoBiotec, a biotechnology company known for its in vivo cell therapies, for a total of up to $1,000 million, which includes an initial payment of $425 million.
  • EsoBiotec's Engineered NanoBody Lentiviral platform enables quick cell therapy treatments through IV injections, potentially increasing patient access.
  • Susan Galbraith from AstraZeneca expressed excitement about the acquisition, stating it can transform cell therapy and expand access for patients globally.
  • Jean-Pierre Latere, CEO of EsoBiotec, mentioned the partnership will accelerate the delivery of innovative therapies to more patients worldwide.
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Benzinga broke the news in New York, United States on Monday, March 17, 2025.
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