Dublin-based biotech outfit Inflazome has been acquired for €380 million by Swiss drug company Roche

  • 📰 thejournal_ie
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 50%

Business News News

Business Business Latest News,Business Business Headlines

The acquisition gives Roche access to Inflazome's entire portfolio, which includes drugs that are currently in trials as well as earlier-stage programmes.

Image: Shutterstock/anyaivanova Image: Shutterstock/anyaivanova IRISH BIOTECH COMPANY Inflazome has been acquired by Swiss drug giant Roche for €380 million.

It is understood that they are also eligible to receive additional payments contingent on the achievement of certain milestones. Speaking on the Pat Kenny Show on Newstalk this morning, Professor O’Neill said, “Roche can now take our drug and bring it to the clinic, which is tremendously exciting. Founded in 2016, the company’s intellectual property is based on the Science Foundation Ireland-funded research of Professor O’Neill at Trinity College Dublin in partnership with the University of Queensland.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 32. in BUSİNESS

Business Business Latest News, Business Business Headlines