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Cash-Strapped Gene Therapy Firm Bluebird Bio Agrees to Acquisition by Private Equity

Bluebird Bio, a biotech company with three approved gene therapies but no way of commercialising them, will be sold to private equity firms Carlyle and SK Capital Partners in a $29 million deal. Bluebird’s therapies offered rare disease treatments, including beta thalassemia and cerebral adrenoleukodystrophy; a third did not include the necessary financial cover of a PRV required to finance its intense manufacturing processes and was rejected three times by the FDA, leading to debt and restructuring. The sale could bring Bluebird up to $67 million more if the therapies reach a sales target.

Source: medcitynews.com –

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