Global Cord Blood Corporation Acquires Cellenkos, Inc.

April 29, 2022

Global Cord Blood Corporation (GCBC) agreed to acquire 100% of clinical-stage biotech Cellenkos, Inc., and worldwide rights to most of its products (excluding those under an Incyte collaboration). The transaction consideration includes approximately 125 million new shares (as-converted) valued at $11 per share plus $664 million in cash; GCBC said the acquisition expands its capabilities into allogeneic T-reg cell therapies and supports global commercialization and R&D.

Buyers
Global Cord Blood Corporation
Targets
Cellenkos, Inc.
Sellers
Holders of approximately 95% of Cellenkos outstanding equity interest, GM Precision Medicine (BVI) Limited
Industry
Biotechnology
Location
Texas, United States
Transaction Type
Buyout

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