AstraZeneca buys drugmaker Caelum in deal worth up to $500 million

September 29, 2021

(Reuters) – AstraZeneca said on Wednesday its newly acquired Alexion division will purchase the remaining equity in drugmaker Caelum Biosciences in a deal that could be worth up to $500 million, expanding its access into rare-disease treatments.

The Anglo-Swedish drugmaker said it would take forward Caelum’s late-stage trial of a potential medicine to treat AL amyloidosis, a rare disease that affects the heart, kidneys and other organs.

(Reporting by Yadarisa Shabong in Bengaluru; Editing by Sherry Jacob-Phillips)

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