Solve Therapeutics Acquires Cereius, a Duke University Spin-Out
June 22, 2023
Solve Therapeutics, an oncology-focused biopharmaceutical company, has acquired Cereius, a Duke University spin-out that developed a site-specific radiolabeling chemistry platform for targeted radiodiagnostics and radiotherapeutics. The deal transfers Cereius’ platform and team into SolveTx to support development of targeted radionuclide therapeutics and companion diagnostics for oncology; Cereius shareholders will receive an undisclosed upfront payment plus potential milestone and royalty payments.
- Buyers
- Solve Therapeutics, Inc.
- Targets
- Cereius, Inc.
- Sellers
- Cereius shareholders
- Industry
- Biotechnology
- Location
- North Carolina, United States
- Transaction Type
- Buyout
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