Tome Biosciences Acquires Replace Therapeutics
January 5, 2024
Tome Biosciences has acquired Replace Therapeutics in a merger valued at $65 million in up-front and near-term milestones and up to $185 million total through a mix of cash and stock. Replace will become a wholly owned subsidiary of Tome, adding its ligase-mediated programmable genomic integration (L-PGI) technology to complement Tome's large-DNA integrase-mediated PGI platform to expand the company's gene‑editing capabilities.
- Buyers
- Tome Biosciences
- Targets
- Replace Therapeutics
- Industry
- Biotechnology
- Location
- California, United States
- Transaction Type
- Buyout
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