Blueprint Medicines Expands Precision Therapy With Lengo Therapeutics Acquisition

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Blueprint Medicines Corporation BPMC has agreed to acquire Lengo Therapeutics, a privately held precision oncology company.

  • The deal consideration includes $250 million in cash plus $215 million in additional potential milestone payments.
  • The acquisition includes Lengo Therapeutics' lead compound LNG-451, a precision therapy in development to treat non-small cell lung cancer in patients with EGFR exon 20 insertion mutations. 
  • Lengo Therapeutics anticipates submitting an investigational new drug application for LNG-451 to the FDA in December 2021.
  • Blueprint Medicines anticipates the acquisition will close in Q4 of 2021.
  • Related Link: Zai Lab Inks Back To Back Licensing Agreements For Cancer And Psychiatric Candidates.
  • Price Action: BPMC shares are down 2.16% at $98.67 during the market session on the last check Monday.
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Posted In: BiotechM&ANewsHealth CareMoversTrading IdeasGeneralBriefsNon-Small Cell Lung Cancer
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