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Home » Bayer Extends Its Reach in Cancer, Immunology Research with Vividion Purchase
Bayer Extends Its Reach in Cancer, Immunology Research with Vividion Purchase
In the latest in a series of acquisitions aimed at quickly ramping up its portfolio of new drugs, Bayer is acquiring San Diego, Calif.-based biopharmaceutical firm Vividion Therapeutics in a deal worth up to $2 billion.
Vividion, which develops precision drugs for treatment of cancers and immune disorders, expects to file its first investigational new drug application in 2022.
The purchase agreement includes a $1.5 billion upfront payment plus potential future milestone payments of up to $500 million.
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