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Alexion and Astellas Object to Lilly’s Sangamo Gene Therapy Buyout

Astellas Pharma logoAstellas Pharma
Sig2.25Sen0.00Env0.00Soc0.00Gov0.00
Eli Lilly logoEli Lilly
Sig1.65Sen-1.45Env0.00Soc0.00Gov-1.20
Sangamo Therapeutics logoSangamo Therapeutics
Sig1.80Sen-1.30Env0.00Soc0.00Gov-0.60

Genentech and two other drug companies have objected to Lilly’s planned buyout of bankrupt Sangamo’s technology. The pushback creates friction around Lilly’s proposed acquisition of gene-therapy assets, as competitors challenge whether the deal should proceed. The dispute underscores uncertainty over the future ownership and development pathway of the platform.

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