Kite Acquires Interius BioTherapeutics for $350M to Advance In Vivo CAR-T Platform
- Kite, a Gilead Company, has entered into a definitive agreement to acquire Interius BioTherapeutics for $350 million to advance in vivo CAR-T cell therapy development.
- Interius's innovative platform generates CAR-T cells directly within the patient's body through a single intravenous infusion, eliminating the need for preconditioning chemotherapy and complex cell processing.
- The acquisition aims to expand access to cell therapies for patients with rapidly progressing diseases who previously could not benefit from traditional CAR-T treatments.
- The transaction is expected to reduce Gilead's 2025 earnings per share by approximately $0.23-$0.25 and will create a center of excellence in Philadelphia for next-generation in vivo therapies.
Interius BioTherapeutics Inc.
Posted 10/7/2024