Juno Therapeutics Adds Antibody Engineering Capabilities Through Acquisition of X-BODY
-- Transaction Accelerates Capabilities to Create Novel Fully Human CAR T and TCR Constructs --
-- Initial Payment of Approximately $21 Million in Cash and 439,265 Shares of Juno Stock --
SEATTLE, June 2, 2015 -- Juno Therapeutics, Inc. (JUNO), a biopharmaceutical company focused on re-engaging the body's immune system to revolutionize the treatment of cancer, announced today that it has acquired X-BODY, Inc., a privately held biotechnology company with nine employees based in Waltham, Massachusetts. The acquisition furthers Juno's strategy of investing in technologies that augment the company's capabilities to create best-in-class engineered T cells against a broad array of cancer targets. The acquisition brings in-house to Juno an innovative discovery platform that interrogates the human antibody repertoire, rapidly selecting fully human antibodies with desired characteristics, even against difficult targets.
- Published: 02 June 2015
- Written by Editor