Syntimmune Turns Drug For Rare Anemia Into $400M Alexion Buyout | Enterpreneurship

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, a biotech startup formed by the veteran founders of the hemophilia developer Syntonix, has been acquired by Pharmaceuticals for $400 million in cash up front.

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Syntimmune is right in Alexion’s (NASDAQ: ALXN) wheelhouse. The Boston-based firm is best known for eculizumab (Soliris), a drug for ultra-rare blood diseases. In buying Syntimmune, Alexion will acquire an experimental drug for a rare type of anemia, warm autoimmune hemolytic anemia (WAIHA). Beyond the upfront cash, Syntimmune’s shareholders, led by Apple Tree Partners, could see another $800 million in downstream payments if the drug progresses.

Syntimmune was formed in 2013 by… Read more »

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