Pfizer throws 600 million to buy Bamboo Therapeutics, to force gene therapy


According to foreign media, Pfizer has completed the acquisition of the biotechnology company Bamboo Therapeutics , which has now become a wholly-owned subsidiary of Pfizer.

Lei Feng network (search "Lei Feng network" public concern) found that Bamboo Therapeutics has also updated the home page a few days ago, confirmed the news has been acquired. The acquisition began gradually in 2016 and the total amount exceeded US$600 million.

Bamboo Therapeutics specializes in the gene therapy of certain rare diseases and will exert its force in two areas, neuromuscular diseases and central nervous system diseases.

In 2014, Pfizer set up the Institute of Genetic Medicine at the Department of Rare Disease Research in London and was led by lead scientist Michael Linded.

Pfizer and the United States Spark Therapeutics also collaborated on the SPK-9001 clinical program and achieved encouraging research results on Hemophilia B.

In order to expand its research on heart disease, Pfizer and 4D Molecular Therapeutics signed an agreement to jointly develop a new generation of recombinant adeno-associated virus vectors.

In addition, Pfizer has also signed cooperation agreements with several academic institutions and has worked closely with King's College London and the University of Iowa.

According to news from the previous day, the world's top ten pharmaceutical companies recently issued a report card, Pfizer easily won with 26.151 billion US dollars, followed by Novartis and Roche are 24.07 billion US dollars and 25 billion US dollars. As the world's largest R&D-based biopharmaceutical company, Pfizer, with its 160-year history, has been working hard to become a leader in the field of gene therapy. It has begun to lay the groundwork for the treatment of various diseases.

Via pfizer

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