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Glaxo pays £61mm for remaining shares of its partner Cellzome

Executive Summary

GlaxoSmithKline PLC is acquiring the 80.02% remaining outstanding shares of its long-time partner, privately held chemoproteomics company Cellzome AG, that it didn’t already own for £61mm ($99mm). Cellzome will be integrated with GSK’s R&D organization. Concurrent with the acquisition, certain Cellzome assets and activities that GSK will no longer pursue will be spun off into a new start-up.
Deal Industry
  • Biotechnology
    • Drug Discovery Tools
      • Genomics-Proteomics
  • Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Acquisition
    • Partial Acquisition
    • Acquisition of Private Biotech
    • Payment Includes Cash

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