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New Deal


Announced

CureVac to acquire Frame Cancer Therapeutics for $33m.

Financials

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Transaction Value£27m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Pending

Friendly

Acquisition

biotechnology company

Cross Border

Single Bidder

Private

Netherlands

Biotechnology

Majority

Synopsis

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CureVac, a biopharmaceutical company, agreed to acquire Frame Cancer Therapeutics, a developer of immunotherapy against cancer, for $33m. “The addition of Frame’s technology and talent to CureVac’s oncology research complements our ability to identify and validate promising neoantigens for our mRNA cancer vaccine programs. The bioinformatics platform developed by Frame’s researchers has the potential to identify a broad panel of neoantigens that go beyond conventional neoantigens and could strongly increase the likelihood of developing highly effective cancer vaccines. We are excited to join forces with the innovative Frame Cancer Therapeutics team and combine their bioinformatics capabilities with our own mRNA expertise to potentially deliver a new class of cancer vaccines," Franz-Werner Haas, CureVac CEO.

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