The AAvenger ADENO-ASSOCIATED VIRUS (AAV) GENE THERAPY NEWS
WINTER 2021 | VOL.3
BAYER ACQUIRES ASKBIO TO BROADEN INNOVATION BASE AskBio to operate autonomously and on an arm’s-length basis Sheila Mikhail, JD, MBA Chief Executive Officer and Co-Founder
We have exciting news to share. On October 26th, Bayer AG and AskBio announced an agreement under which Bayer would acquire AskBio, and that transaction successfully closed on December 1, 2020. To preserve our entrepreneurial culture as an essential pillar for nurturing successful innovation, AskBio will continue to operate as an independent company on an arm’s-length basis. “Our innovation in capsid re-engineering and promoter design, coupled with our scaled manufacturing processes, gives us the tools to develop gene therapy solutions for more people suffering from a wider spectrum of diseases not being adequately treated today,” said Jude Samulski, PhD, Chief Scientific Officer and co-founder of AskBio.
commercialization strength to support us as we discover, develop and gain regulatory approvals for genetic medicines that could help people around the world. We will have the opportunity to change health care on an even bigger scale than we could as AskBio alone. “With Bayer’s worldwide reach and translational expertise, especially in pathway diseases, our combined cultures of scientific advancement and commitment to patients, along with the retention of AskBio’s independent structure, position us to expedite development of gene therapy for more patients who could benefit from them,” said Sheila Mikhail, CEO and cofounder of AskBio.
By combining with Bayer, we join a leading global pharmaceutical company with the financial and
MEET THE TEAM: DR. CANWEN JIANG – CHIEF DEVELOPMENT & MEDICAL OFFICER Dr. Jiang is a medical executive with more than 25 years’ experience leading clinical development in therapeutic areas including genetic disorders, ophthalmology, cardiovascular, metabolic and oncology. He joined AskBio this fall, and his extensive background in medicine and pharmaceutical development will be a tremendous asset as we continue to evolve and progress our clinical programs.
We’re committed to developing life-changing genetic medicines for patients who urgently need treatment options. We look forward to beginning clinical trials for LGMD, MMA and multiple system atrophy in early- to mid-2021.
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