Category: AskBio

  • Bayer’s two-pronged cell/gene therapy assault on Parkinson’s enters clinic

    Bayer subsidiary BlueRock Therapeutics has dosed the first Parkinson’s disease patient in a phase 1 trial of its cell-based therapy DA01, which aims to replenish the neurons lost in people with the neurodegenerative disorder. At the same time, the German group’s Asklepios BioPharma (AskBio) unit has started recruiting patients for a phase 1b trial of […]

  • Bayer Acquires Asklepios for ~$4B

    Shots: Bayer acquires AskBio for $2B as upfront and ~2B as milestones with 75% of the milestones to be paid during the next five years. The transaction is expected to be close in Q4’20 The focus of the acquisition is to foster Bayer’s cell and gene therapy platform with the potential to bring treatments to […]

  • Bayer buys cell & gene therapy firm AskBio for $4 billion

    Bayer is making clear its ambitions in cell and gene therapy with a $4 billion acquisition of US biotech Asklepios BioPharmaceutical, also known as AskBio. AskBio’s portfolio includes pre-clinical and clinical stage candidates for the treatment of neuromuscular, central nervous system, cardiovascular and metabolic diseases. Through the acquisition, Bayer will gain full rights to the […]