GSK to buy asthma biotech Aiolos Bio for up to $1.4B three months after startup emerged: #JPM24
SAN FRANCISCO – GSK will pay $1 billion upfront to buy clinical-stage asthma drugmaker Aiolos Bio, the British drugmaker said early Tuesday morning. It could pay up to $400 million more if milestones are met.
The deal marks one of the quickest startup unveiling-to-buyout journeys in recent biotech memory. The San Francisco and London biotech emerged just three months ago with one of 2023’s largest private financing rounds at $245 million. Atlas Venture, Bain Capital Life Sciences, Forbion, Sofinnova Investments and RA Capital Management backed the Series A.
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