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Genzyme acquires Verigen AG for up to $50mm
05 May 2009
Executive Summary
Genzyme has acquired privately held Verigen AG (cell therapy for cartilage repair) for $10mm in cash. It may also pay earn-outs of up to $40mm over the next six years based on the achievement of development (BLA and US marketing approval) and sales milestones.
Deal Industry
- Medical Devices
-
Medical Devices
- Biomaterials
-
Biotechnology
- Gene Therapy, Cell Therapy
Deal Status
- Final
Deal Type
-
Acquisition
- Full Acquisition
- Includes Earnout
- Intra-Biotech Deal
- Payment Includes Cash
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Genzyme acquires Verigen AG for up to $50mm
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