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Mergers & Acquisitions

AstraZeneca will acquire LogicBio

by Shi En Kim
October 8, 2022 | A version of this story appeared in Volume 100, Issue 36
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Alexion, a rare disease–focused group within AstraZeneca, will acquire the genomic medicine company LogicBio Therapeutics. Alexion says it is interested in LogicBio’s technology for delivering and inserting genes using adeno-associated viruses to address rare genetic diseases. Alexion is paying $2.07 per share, or about $70 million—well over LogicBio’s share price of less than 50 cents before the deal was announced.

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