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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