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Announced

Completed

Blueprint Medicines completed the acquisition of Lengo Therapeutics for $465m.

Financials

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Transaction Value£348m
Consideration TypeCash, Contingent Deferred Consideration
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

United States

Acquisition

Domestic

Friendly

biopharmaceuticals

Single Bidder

Private

Pharmaceuticals

Completed

Synopsis

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Blueprint Medicines, a precision therapy company, completed the acquisition of Lengo Therapeutics, a privately held precision oncology company, for $465m. "The acquisition of Lengo Therapeutics and its lead candidate LNG-451 enables Blueprint Medicines to expand our pipeline in lung cancer and harness our experience and expertise to advance precision oncology therapies for the patients who need them. I want to thank the Lengo Therapeutics team, again for their work to advance the highly selective therapeutic candidate LNG-451, but also for completing the IND submission with a continued sense of urgency. Pending FDA clearance of the application, we plan to advance LNG-451 into the clinic in the first quarter of 2022," Fouad Namouni, Blueprint Medicines President of Research & Development.

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