Sangamo puts down $84M to acquire TxCell, diving into CAR-Treg space, autoimmune diseases
Looking to make a name for itself outside gene editing and gene therapy, Sangamo has snapped up a preclinical biotech specializing in regulatory T cells in an all-cash buyout of $84 million (€72 million) on a debt- and cash-free basis.
The biotech, TxCell, is developing a therapy based on CAR-modified Tregs for the prevention of graft rejection in solid organ transplantation, which Sangamo is planning to take to the clinic in 2019. That same technology, the companies contend, can be used to treat a slate of autoimmune diseases from bullous pemphigoid and Crohn’s disease to multiple sclerosis.
Unlock this article instantly by becoming a free subscriber.
You’ll get access to free articles each month, plus you can customize what newsletters get delivered to your inbox each week, including breaking news.