Eli Lilly's Covid-19 partner AbCellera pays $90M for some very special mice as Peter Thiel jumps on the board and IPO rumors heat up
AbCellera Biologics is stepping onto Regeneron’s turf, putting down $90 million in cash to buy out Trianni and its humanized mouse technology for developing antibodies.
The 7-year-old biotech out of British Columbia is after the Trianni Mouse: a genetically engineered rodent that can generate fully human monoclonal antibodies. It’s also scooping up several “next-generation” mice under development. The move comes as AbCellera preps one of the biggest IPOs in an already record-breaking year for public debuts, unnamed sources told Bloomberg.
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