Amgen & Micromet Enter into Merger Agreement
The acquisition gives Amgen access to a novel cancer treatment.
US-based biotechnology company Amgen announced Thursday that the company has signed a definitive merger agreement to acquire Micromet, a biotechnology company founded in Germany, for $1.2bn.
The acquisition includes blinatumomab, a Bispecific T cell Engager (BiTE) antibody in Phase 2 clinical development for acute lymphoblastic leukemia (ALL). Blinatumomab is also in clinical development for the treatment of non-Hodgkin's lymphoma (NHL), and could have applications in other hematologic malignancies.
"The acquisition of Micromet is an opportunity to acquire an innovative oncology asset with global rights and a validated technology platform with broad potential clinical applications," said Kevin Sharer, chairman and CEO at Amgen. "Blinatumomab will serve as an important
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