Pharma Deals Review, Vol 2012, No 5 (2012)

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GSK to Acquire Full Control of its Proteomics Partner Cellzome

Heather Cartwright

Abstract


GlaxoSmithKline (GSK) has agreed to acquire the 80.02% of its proteomics research partner Cellzome that it does not already own for £61 M (US$98 M) in cash. The acquisition will expand GSK’s existing drug discovery platform and add to its capacity to characterise drug targets. Simultaneously, the two parties intend to create a spin-off company, which would hold the rights to certain Cellzome assets and activities that GSK does not wish to progress.



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