Volume 94 Issue 13 | p. 13 | News of The Week
Issue Date: March 28, 2016 | Web Date: March 25, 2016

BMS to buy start-up Padlock

Deal worth up to $600 million adds small molecules for autoimmune disease
Department: Business
Keywords: mergers & acquisitions, pharmaceuticals, biotech, start-ups, autoimmune diseases

Bristol-Myers Squibb will pay up to $600 million to acquire Padlock Therapeutics, a biotech firm developing small molecules for autoimmune diseases.

Padlock, which C&EN named one of 10 Start-ups to Watch last year, takes a contrarian approach to autoimmunity. Whereas drug development for diseases such as arthritis and lupus mostly focuses on dampening the activity of an immune system gone awry, Padlock believes immune cells are actually responding to normal enzymes called . . .

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