Pharma Deals Review, Vol 2022, No 7 (2022)

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Galapagos Acquires CellPoint and AboundBio for Next-Generation Cell Therapies

Swati Sharan

Abstract


In an attempt to expedite access to next-generation cell therapies, Galapagos has agreed to acquire CellPoint in an all-cash transaction of up to €225 M (US$237.19 M), and AboundBio for US$14 M. The deals provide Galapagos with full access to CellPoint’s automated point-of-care supply model as well as AboundBio’s next-generation fully human antibody-based therapeutics platform. The acquisitions will position Galapagos as an innovator in cell therapy and reinforce its portfolio within the new therapeutic area.

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