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OncoImmune has entered into an exclusive option and license agreement with Pfizer for ONC-392, a novel, differentiated preclinical anti-CTLA4 monoclonal antibody, in a deal worth up to $250 million in upfront and potential milestone payments. Under the terms of the agreement, Pfizer plans to evaluate ONC-392 up until a certain agreed-upon time to determine whether it will exercise its option to exclusively license ONC-392 as well as any other OncoImmune anti-CTLA4 antibodies.
Horizon Discovery Group has entered into a collaboration with Fulcrum Therapeutics that will utilize Horizon’s CRISPR-based screening platform to identify novel targets for regulating gene expression. The program will initially focus on genetic diseases where no effective treatment options currently exist.
Zimmer Biomet Holdings has acquired Clinical Graphics, an imaging company specializing in 3D range-of-motion simulation technology to inform treatment decisions for common hip conditions requiring early intervention. Zimmer plans to integrate the new imaging platform to enhance its hip preservation portfolio.
Johnson & Johnson has announced a definitive agreement to acquire Abbott Medical Optics for $4.325 billion in cash. The acquisition will include ophthalmic products in three business segments: cataract surgery, laser refractive surgery and consumer eye health.
GE says it will invest $150 million in a new biopharmaceutical manufacturing campus in Cork, Ireland. GE BioPark Cork will feature Europe’s first KUBio, prefabricated, off-the-shelf bio-manufacturing facilities, owned and run by GE customers, that will serve as a focal point for further investment in next-generation biopharmaceutical manufacturing in Ireland.