Roche in up to $580 million deal to acquire Adheron Therapeutics
Privately held biotechnology US biotech firm Adheron Therapeutics has agreed to be acquired by Swiss pharma giant Roche (ROG: SIX) in a deal worth a potential $580 million.
Adheron Therapeutics has developed a pioneering technology that disrupts immune cell adhesion through a cell surface protein called Cadherin-11 in order to develop potential treatments for a variety of inflammatory and autoimmune diseases such as rheumatoid arthritis and fibrotic diseases. The lead asset, SDP051, a humanized monoclonal antibody targeting Cadherin-11, has completed Phase I of clinical development.
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