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Mergers & Acquisitions
Vertex acquires diabetes stem cell company
by Ryan Cross
September 6, 2019
| A version of this story appeared in
Volume 97, Issue 35
Vertex Pharmaceuticals is moving beyond its cystic fibrosis small-molecule franchise. The company is purchasing the Cambridge, Massachusetts–based start-up Semma Therapeutics, which is designing stem cell therapies for type 1 diabetes, for $950 million in cash. Semma has a method for turning stem cells into insulin-secreting β cells, which it licensed from Harvard University’s Douglas Melton. The company plans to start clinical trials of its β cell injections next year.
Chemical & Engineering News
ISSN 0009-2347
Copyright © 2024 American Chemical Society
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