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AstraZeneca Acquires T Cell Biotech TeneoTwo in $1.27 Billion Deal

July 5th, 2022|Categories: Featured, Industry News|Tags: , , , |

AstraZeneca is expanding into the T cell engager market with its acquisition of TeneoTwo. The small biotech just recently sold off two of its sub-companies to Abbvie and Amgen, as well as raising $60 million in funding to maintain some of the its remaining operations under its control. Astrazeneca is purchasing the TeneoTwo to pick up one of its main drugs. 

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