Roche picks up a new autoimmune drug with $580M Adheron deal

10-9 – BWH spinout and PIF portfolio company, Adheron, has been acquired by Roch. Adheron is developing antibodies (currently in Phase I) targeting cadherin-11 for treatment of rheumatoid arthritis and other indications, and is based on technology developed by Michael Brenner, MD at BWH. Roche will be a great partner to move the product forward into Phase II trials and hopefully to market. The total deal value is $580 million, with $105 million paid on closing.
The initial payout will be approximately $5.2 million for PIF (for our $1.3 million investment) and $473K for BWH from the license (subject to patent policy splits). The total payout over time could reach $32 million for PIF and $5 million for BWH if all milestones are reached, with the next major milestone being a positive Phase II trial.

http://www.prnewswire.com/news-releases/adheron-therapeutics-to-be-acquired-by-roche-300156996.html

Most Recent Posts:

Innovation Grand Rounds: Investing in your Home-Grown Innovations

Innovation Grand Rounds is a monthly live series with talks by innovators and executives from across the…

Read More

Four Brigham Ignite Awards Announced

Innovations focus on CT-guided neurosurgery, knee osteoarthritis, brain tumors, and C-sections   BOSTON, MA – September 7,…

Read More

Artificial Intelligence Model Outperforms Clinicians in Diagnosing Pediatric Ear Infections

In collaboration with Mass General Brigham Innovation, OtoDx is currently being employed in a prototype device paired…

Read More