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Bozeman, Montana's LigoCyte Sold to Takeda Pharmaceutical

October 5, 2012View for printing

Takeda Pharmaceutical http://www.takeda.us/ is to buy biopharma LigoCyte http://www.ligocyte.com/ for $60 million in cash, plus future milestone-dependent payments. LigoCyte is developing a pipeline of virus-like particle (VLP)-based vaccines for gastrointestinal and respiratory infections. The firm's pipeline is headed by a norovirus vaccine candidate that is in Phase I/II clinical development, and preclinical-stage candidates against respiratory syncytial virus (RSV), pandemic and seasonal influenza, and rotavirus.

For the foreseeable future the firm plans to continue operating LigoCyte at the latter's site in Bozeman, Montana, and retain its management team and employees.

Full Story: http://www.genengnews.com/gen-news-h ... e/81247440/
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