BioNTech buys Biotheus for $800M to expand cancer treatments, adding antibody BNT327/PM8002.

BioNTech has agreed to acquire Biotheus for $800 million to enhance its cancer treatment portfolio, gaining full rights to BNT327/PM8002, a promising bispecific antibody. The deal, set to close in early 2025, includes potential additional payments of up to $150 million and will expand BioNTech's research and manufacturing capabilities, particularly in China. Multiple clinical trials for BNT327/PM8002 are planned for 2024 and 2025.

November 13, 2024
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