Roche buys Poseida Therapeutics for up to $1.5 billion to boost its cell and gene therapies.

Roche has agreed to acquire Poseida Therapeutics for up to $1.5 billion, aiming to expand its portfolio in allogeneic cell therapy and genetic medicines. Poseida's innovative CAR-T therapies and genetic medicines, particularly for solid tumors and autoimmune diseases, will integrate into Roche's division. The deal, valued at $9 per share plus a potential $4 per share upon milestones, is expected to close in early 2025.

November 26, 2024
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