Novartis Acquires Vedere Bio
September 30, 2020
Novartis has acquired Vedere Bio, a Cambridge-based optogenetics AAV gene therapy company, for $150 million upfront plus up to $130 million in potential regulatory and clinical milestones (total consideration of $280 million). The deal includes Vedere Bio's lead preclinical intravitreal AAV programs focused on pan-genotypic vision restoration; earlier-stage assets were spun out into a newly formed independent company, Vedere Bio II.
- Buyers
- Novartis
- Targets
- Vedere Bio, Inc.
- Sellers
- Shareholders of Vedere Bio
- Industry
- Biotechnology
- Location
- Massachusetts, United States
- Transaction Type
- Buyout
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