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December 23, 2019

Zafgen, Chondrial Therapeutics to merge

The proposed merger will result in a combined publicly traded, clinical-stage biopharmaceutical company operating under a new name, Larimar Therapeutics Inc....

By Adam Burroughs

December 17, 2019

Roche, Spark Therapeutics deal approved (finally)

Roche and Spark Therapeutics Inc. have completed their acquisition deal following the receipt of regulatory approval from all government authorities required by the merger agreement....

By Adam Burroughs

December 9, 2019

Aevi Genomic Medicine to be acquired by Cerecor for $16M+

The combined bio-pharmaceutical company will continue to be focused on pediatric orphan diseases and operate under the name Cerecor....

By Adam Burroughs

December 5, 2019

Limelight Bio gets $75M from Apple Tree Partners

Limelight Bio has raised $75 million in new financing funded by Apple Tree Partners, a life sciences innovation fund....

By Adam Burroughs

November 25, 2019

VenatoRx to get $4.1M from Boston’s CARB-X

Malvern’s VenatoRx Pharmaceuticals Inc. is receiving up to $4.1 million in non-dilutive funding from Boston’s CARB-X to develop a new class of oral antibiotics to treat infections caused by multi-drug-resistant Neisseria gonorrhoeae....

By Adam Burroughs

November 12, 2019

MOBILion Systems raises $15.4M Series A

MOBILion Systems Inc. has raised $15.4 million in Series A financing. The round was led by Agilent Technologies, with participation from IP Group Inc., Hostplus, Cultivation Capital, and iSelect Fund....

By Adam Burroughs

November 12, 2019

BioLife Solutions Buys Custom Biogenic Systems

CBS, a privately held company with operations located near Detroit, is a global leader in the design and manufacture of state-of-the-art liquid nitrogen laboratory freezers and cryogenic equipment....

By Mark Scott

October 17, 2019

Mebias Discovery closes $3.5M raise

The investment will be used by Mebias Discovery to expand its pipeline with new gastrointestinal and inflammation programs, applying the company’s novel platform to find drugs with significantly less, or negative, on‑target adverse effects....

By Adam Burroughs

October 16, 2019

Achillion Pharmaceuticals to be bought by Alexion Pharmaceuticals

The initial consideration of approximately $930 million, or $6.30 per share of Achillion common stock, will be funded by Alexion with cash on hand....

By Adam Burroughs

October 16, 2019

Galera Therapeutics launches IPO

Galera Therapeutics, a Malvern-based biopharmaceutical firm, has filed to go public on the Nasdaq stock exchange under the ticker symbol of GRTX. The expected offering amount is $86....

By Adam Burroughs

October 3, 2019

Cabaletta Bio files for IPO

The company plans to use the money to fund manufacturing capabilities and translational research to complement its relationship with the Center for Cellular Immunotherapies at the University of Pennsylvania....

By Adam Burroughs

September 30, 2019

Ocugen completes merger with Histogenics

The combined company’s name will be “Ocugen Inc,” and the company is expected to begin trading on September 30, 2019, on The Nasdaq Capital Market....

By Adam Burroughs

September 27, 2019

ExpressCells completes Series A round with $1.2M total raise

ExpressCells is using the funding to build its commercial and operational infrastructure....

By Adam Burroughs

September 17, 2019

Navrogen raises $3.2M in funding

Navrogen Inc. has raised $3.2M in convertible note financing to support its operations, Humoral Immuno-Oncology (HIO) discovery platform and preclinical therapeutic pipeline activities....

By Adam Burroughs

September 13, 2019

Castle Creek to buy Fibrocell Science

With the resources of CCP Holdings' subsidiary, Castle Creek Pharmaceuticals LLC, Fibrocell's gene therapy platform can be advanced into additional areas of high, unmet need with the potential to develop multiple, promising new therapies....

By Adam Burroughs

September 9, 2019

SequenceBase bought by Clarivate Analytics

SequenceBase is being acquired by Clarivate Analytics in a move expected to deliver an expanded solution to the fast-growing biologics market....

By Adam Burroughs

September 4, 2019

Passage Bio closes $110M Series B round

Passage Bio has closed a $110.0 million Series B financing....

By Adam Burroughs

September 3, 2019

Gyroscope Therapeutics raises $62M Series B round

Gyroscope Therapeutics, headquartered in Ambler, has raised a $62.2 million (£50.4 million) Series B financing round....

By Adam Burroughs

September 3, 2019

Roche extends Spark offer (yes, again) giving more time for regulatory approval

Roche has again extended the offering period of its previously announced tender offer to purchase all of the outstanding shares of common stock of Spark Therapeutics Inc. for $114.50 per share....

By Adam Burroughs

August 8, 2019

Keystone Biologicals bought by BioIVT

Keystone Biologicals Inc., a supplier of disease-state plasma, sera and controls, located in Hatboro, Pennsylvania, has been acquired by BioIVT in a deal expected to expand BioIVT's disease-state portfolio both by volume and product range....

By Adam Burroughs

July 24, 2019

Pennsylvania Biotechnology Center launches Hatch BioFund Management investment arm

The Pennsylvania Biotechnology Center, a life science incubator, launched its Hatch BioFund Management LLC, a $50 million internal investment arm meant to support its early-stage companies....

By Adam Burroughs

July 16, 2019

Convelo Therapeutics agreement with Genentech opens door to acquisition

Convelo Therapeutics Inc., a Cleveland-based biotechnology company, has entered into an exclusive worldwide collaboration with Genentech, a member of the Roche Group. Through the deal, Genentech retains an exclusive option to acquire Convelo....

By Adam Burroughs

July 11, 2019

Orchestra BioMed completes $34M Series B-1 preferred stock financing round

New Hope-based Orchestra BioMed Inc., a biomedical innovation company working in procedure-based medicine, has completed a $34 million Series B-1 preferred stock financing....

By Adam Burroughs

July 8, 2019

Spark, Roche deal put on hold

Spark Therapeutics’ acquisition by Roche has been put on hold as the two companies agreed to extend the deadline for the Swiss drugmaker’s $4.3 billion takeover bid for the U.S. gene therapy specialist, according to Reuters. The report noted that Roche remains committed to a deal....

By Adam Burroughs

July 1, 2019

Century Therapeutics gets $250M in funding

The funding from Bayer, Versant and Fujifilm Cellular Dynamics will allow Century to move multiple programs into clinical development for hematologic and solid malignancies....

By Adam Burroughs

April 12, 2019

NEO bioscience companies landed $294M in 2018

Dealmaking is hot in Northeast Ohio’s biomedical community, with 71 regional companies receiving $294 million in funding in 2018. BioEnterprise’s Aram Nerpouni explains how this dealmaking trend could become the “new normal.”...

By Mark Scott