Today’s closing of the acquisition of HI-Bio by Biogen Inc. is a key milestone for patients suffering from life-threatening diseases and high unmet medical needs. It is also a major achievement for JEITO that demonstrates how its strategic and financial support in continuity contributes to accelerate the development of breakthrough innovations to patients. Congratulations to the whole HI-Bio: A Biogen Company™ teams!
Few weeks after the official signing, Jeito Capital is pleased to announce the closing of the acquisition of its portfolio company Hi-Bio™ by Biogen Inc. (Nasdaq: BIIB) for up to $1.8 billion. Building on the significant progress achieved, HI-Bio™ is in a strong position to accelerate its late-stage clinical development programs for felzartamab, its lead clinical therapeutic candidate in the treatment of severe immune-mediated diseases. With Biogen, a leading global biotechnology company, HI-Bio™ is beginning a new phase of growth aimed at bringing innovative therapies to patients with high unmet needs. Congratulations to the whole HI-Bio: A Biogen Company™ teams! #FasterForThePatient #privateequity #lifesciences #biopharma #exit #mmunology
Great news!
Inspiring!
Bravo!!