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Pharmaceuticals

MorphoSys will buy Constellation for $1.7 billion

by Megha Satyanarayana
June 5, 2021 | A version of this story appeared in Volume 99, Issue 21
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The structure of pelabresib.



MorphoSys, a German immunotherapy developer, has agreed to buy Constellation Pharmaceuticals in a deal valued at about $1.7 billion. Cambridge, Massachusetts–based Constellation specializes in epigenetic therapies for cancer. It has two experimental drugs in clinical trials: pelabresib, an inhibitor of bromodomain extraterminal motif proteins, and CPI-0209, an inhibitor of the histone methyltransferase EZH2. The deal is set to close in the third quarter.

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