AstraZeneca to Buy Neogene for $320 Million

AstraZeneca announced it was acquiring Neogene Therapeutics, Inc. for $320 million.

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This is the third M&A deal for the UK pharma giant this year.

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The deal is the latest in a series of investments the company has made to strengthen its oncology pipeline.

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Neogene's T-cell receptor (TCR-T) technologies are designed to deliver a fully individualized treatment approach.

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This is accomplished by combining the patient's tumor biopsy with Neogene's proprietary T-cell receptor discovery platform.

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TCR-Ts are a promising new therapeutic modality that targets genetic mutations that drive oncogenesis.

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Combined with other novel approaches, such as immunotherapy, TCR-Ts are promising candidates for cancer treatment.

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The company has built a strong pipeline of cancer drugs and has been aggressive against solid tumors.

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