The deal ‚Äď which could be worth up to $4 billion ‚Äď bolsters Bayer’s gene therapy ambitions through the addition of an AAV manufacturing platform, clinical-stage candidates, and a CDMO unit.
German pharma giant Bayer is paying $2 billion up front with potential milestone payments up to another $2 billion for Research Triangle Park, North Carolina-based Asklepios BioPharmaceutical (AskBio).
Founded in 2001 by Jude Samulski, the company‚Äôs present chief scientific officer, AskBio is developing gene therapies for neuromuscular diseases, central nervous system disorders, and cardiovascular conditions. It has a candidate for Pompe disease and Congestive heart failure in the clinic, along with a candidate for Parkinson‚Äôs disease being developed with Brain Neurotherapy Bio.
The therapies are based on the firm‚Äôs AAV capsid and promoter library along with a manufacturing platform called Pro10. The technology uses a human embryonic kidney (HEK)-based cell line in serum-free suspension media to develop and produce AAV vectors at high scales and yields. The firm also owns synthetic promoter technology, along with bioinformatics and intelligent data-driven design, from Edinburgh, UK-based firm Synpromics acquired last year.
Meanwhile, the products are made by Viralgen, a San Sebasti√°n, Spain-based contract development and manufacturing organization (CDMO) set up in 2017 as a joint venture between AskBio and Columbus Venture Partners. Under terms of the deal, Bayer will take over the 50% share of the CDMO business from AskBio.
‚ÄúOur innovation in capsid re-engineering and promoter design, coupled with our scaled manufacturing processes, gives us the tools to provide gene therapy solutions to more people suffering from a wider spectrum of disease that is not being adequately treated today,‚ÄĚ said Samulski.
The news comes a year after Bayer bought allogeneic cell therapy developer BlueRock Therapeutics for $240 million.
‚ÄúWith this acquisition, Bayer significantly advances the establishment of a cell and gene therapy platform that can be at the forefront of breakthrough science, contributing to preventing or even curing diseases caused by gene defects and further driving company growth in the future,‚ÄĚ said Bayer CEO Werner Baumann.