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Mergers & Acquisitions

Regeneron will buy cancer drug firm Checkmate

by Michael McCoy
April 23, 2022 | A version of this story appeared in Volume 100, Issue 14
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Regeneron Pharmaceuticals has agreed to acquire Checkmate Pharmaceuticals in a deal that values the Massachusetts-based firm at about $250 million. Checkmate’s lead drug candidate is vidutolimod, a biologic immune activator that stimulates T cells to attack tumors. It is delivered as a viruslike particle. In an announcement, Regeneron CEO Leonard S. Schleifer says he sees an opportunity to combine vidutolimod and other Checkmate compounds with Regeneron’s antibody-based oncology agents.

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