Kite to buy Interius for $350 million
The Gilead Sciences (Nasdaq: GILD) subsidiary company Kite has entered into a definitive agreement to acquire Interius BioTherapeutics, a privately-held biotechnology company developing in vivo CAR therapeutics, for $350 million.
According to Kite, this acquisition complements its expertise in cell therapy by incorporating Interius' integrating in vivo platform. This approach enables the generation of CAR T-cells directly within the patient’s body and may offer a more durable and long-lasting therapeutic effect by inserting DNA into the patient’s genome.
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