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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