Biogen Acquires Human Immunology Biosciences for up to $1.8B

May 22, 2024

Biogen Inc. has agreed to acquire Human Immunology Biosciences (HI-Bio) for $1.15 billion upfront and up to $650 million in milestone payments, in a deal valued at up to $1.8 billion. The acquisition adds HI-Bio's lead asset felzartamab, an investigational anti-CD38 antibody with Phase 2 data in multiple renal immune-mediated diseases, to Biogen's immunology and rare-disease development capabilities.

Buyers
Biogen Inc.
Targets
Human Immunology Biosciences
Sellers
Human Immunology Biosciences stockholders, ARCH Venture Partners, Monograph Capital, Alpha Wave Global, Arkin Bio Capital, Jeito Capital, Viking Global Investors
Industry
Biotechnology
Location
California, United States
Transaction Type
Buyout

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