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Mergers & Acquisitions

AstraZeneca will acquire Neogene for up to $320 million

by Gina Vitale
December 1, 2022 | A version of this story appeared in Volume 100, Issue 43
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AstraZeneca has agreed to acquire the T-cell receptor (TCR) therapy company Neogene for $200 million on closing and up to $120 million in other payments. Many T-cell therapies involve getting a person’s T cells to recognize a protein on the surface of cancer cells; TCR therapies are able to recognize intracellular targets, the companies say, which could broaden their available targets. The firms say they aim to deliver cell therapies to people with solid tumors.

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