With the walls quickly closing in, Kronos Bio has accepted a buyout from notorious biotech acquirer Concentra Biosciences.
Tang Capital Partners’ Concentra inked a definitive deal to acquire Kronos’ common stock for a bargain price of 57 cents per share, 35% below the biotech's closing price of 89 cents on Wednesday.
With mixed market projections regarding overall licensing in 2023, investors will be scrutinizing collaborative efforts more closely this year. Nonetheless, there have already been several big biotech licensing deals in Q1. Below is a sampling of some of this quarter's biggest licensing deals ranging from the surprising and pivotal to the lucrative and consequential.
Kronos Bio had a rough end to 2022 after having to toss away a late-stage acute myeloid leukemia asset. But 2023 is already looking a bit brighter thanks to a new small-molecule drug discovery pact with Roche’s Genentech.
It’s been a fairly busy week for biotech initial public offerings (IPOs) with four announcing their list pricing. Here’s a look.
Kronos Bio announced it’s looking to raise more than $200 million in its jump onto Nasdaq, flirting with a billion-dollar unicorn valuation.
Norbert Bischofberger’s Kronos Bio has filed to raise up to $100 million in a Nasdaq IPO. The IPO haul will set Kronos up to start a registrational phase 2/3 trial of a first-line acute myeloid leukemia (AML) drug licensed from Bischofberger's former employer Gilead.
The company has raised $148 million so far and plans to raise the remaining $7 million by next month. Its lead candidate is entospletinib, a SYK inhibitor acquired as part of a deal with Gilead Sciences last month, under development for patients with biomarker-defined acute myeloid leukemia.K
Kronos Bio, Inc. (Kronos) announced on 5/23/18 the appointment of Norbert Bischofberger, Ph.D. as its President and Chief Executive Officer and completion of an $18 million seed financing. Prior to joining Kronos, Dr. Bischofberger was at Gilead Sciences for almost 30 years, where he most recently served as Executive Vice President, Research and Development and Chief Scientific Officer until April 2018.