Announced
Completed
Financials
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Tags
Single Bidder
Biotechnology
Cross Border
Private
United States
Majority
Completed
pre-clinical stage biotech
Acquisition
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Synopsis
Sanofi, a French multinational pharmaceutical company, completed the acquisition of Tidal Therapeutics, a privately owned, pre-clinical stage biotech company, for $310m. "We anticipate that this next generation, off-the-shelf approach has the potential to bring CAR-T cell therapy to a much broader patient population. We believe that the underlying mRNA targeting platform will create disruptive therapeutic approaches across a variety of oncology and autoimmune conditions," Frank Nestle, Sanofi Global Head of Research and Chief Scientific Officer.
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