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The Guardian - UK
The Guardian - UK
Business
Julia Kollewe

AstraZeneca pays up to $1bn for biotech firm ‘that could transform cell therapy’

Test tubes in front of an AstraZeneca logo
AstraZeneca is Britain’s biggest pharmaceutical company. Photograph: Dado Ruvić/Reuters

AstraZeneca has struck a $1bn (£773m) deal to buy a Belgian biotech company that specialises in cancer immunotherapies, the latest in a string of acquisitions that also yielded positive results for a late-stage rare disease drug on Monday.

EsoBiotec, a small privately held firm, develops in-vivo CAR-T cell therapies that empower the immune system to attack cancers, and could offer many more patients access to cell therapy treatments, provided in minutes rather than weeks.

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