Aastrom Acquires Sanofi's Cell Therapy and Regenerative Medicine Business - - BioPharm International

ADVERTISEMENT

Aastrom Acquires Sanofi's Cell Therapy and Regenerative Medicine Business



Aastrom Biosciences, a developer of patient-specific cellular therapies for the treatment of severe diseases and conditions, has completed its acquisition of Sanofi's cell therapy and regenerative medicine (CTRM) business unit. As reported on April 21, 2014, Aastrom paid $4 million in cash and $2.5 million in a promissory note to acquire the CTRM business, which includes three marketed products in the US and Europe, as well as manufacturing and production centers in the US and Denmark.

The three marketed autologous cell therapy products acquired by Aastrom include Carticel, an autologous chondrocyte implant (ACI) product marketed in the US for the treatment and repair of articular cartilage defects in the knee; Epicel, a permanent skin replacement for full-thickness burns greater than or equal to 30% of total body surface area, which is marketed in the US; and MACI, a third-generation ACI product currently marketed in the EU for the treatment of focal chondral defects in the knee.

Source: Aastrom Biosciences

blog comments powered by Disqus

ADVERTISEMENT

ADVERTISEMENT

First Biosimilar Application Kicks Off Legal Battle
October 31, 2014
FDA Approves Pfizer's Trumenba for the Prevention of Meningitis B
October 30, 2014
EMA: Extrapolation Across Indications for Biosimilars a Possibility
October 30, 2014
Bristol-Myers Squibb Announces Agreement to Acquire HER2-Targeted Cancer Treatment
October 29, 2014
Amgen, Sanofi, and Ono Pharmaceuticals Partner with Universities on Transmembrane Protein Research
October 28, 2014
Author Guidelines

Click here