• Belgian biotech EsoBiotec, founded by Congolese-born scientist Jean-Pierre Latere, has been acquired by AstraZeneca for $1 billion, including $425 million upfront and $575 million in milestone payments.
• EsoBiotec's groundbreaking Engineered NanoBody Lentiviral (ENaBL) platform enables in vivo CAR-T cell therapy, turning patients into their own cell therapy factories and potentially eliminating complex ex vivo manufacturing processes.
• The acquisition represents a remarkable success story for a capital-constrained startup that operated on just €22 million, compared to competitors who raised hundreds of millions for similar technology development.