Biogen Buys Biotech Firm HI-Bio to Boost Its Immunology Portfolio
BIIBBiogen(BIIB) investopedia.com·2024-05-23 08:00

Key Takeaways Biogen has agreed to pay at least 1.15billionforbiotechfirmHumanImmunologyBiosciences(HIBio)asitmovestoincreaseitsimmunologyportfolio.Thedealincludesthepossibilityofanadditional1.15 billion for biotech firm Human Immunology Biosciences (HI-Bio) as it moves to increase its immunology portfolio. The deal includes the possibility of an additional 650 million in milestone payments. HI-Bio's lead asset treats rare kidney diseases. Biogen (BIIB) announced Wednesday it had purchased privately-held Human Immunology Biosciences (HI-Bio) for at least 1.15billiontoexpanditsreachintoimmunologymedicines.Thecompanysaidthatthe1.15 billion to expand its reach into immunology medicines. The company said that the 1.15 ...