Baxter 1Q income rises 0.7%Continue reading.
Baxter buys Chatham Therapeutics
Baxter International Inc. has acquired Chatham Therapeutics LLC, a company working on treatments for hemophilia.
Deerfield-based Baxter will make an initial $70 million payment for Chatham, with any future payments based on achieving development, regulatory and commercial goals.
“Chatham’s gene therapy platform technology offers the potential to redefine treatment of both hemophilia A and B,” said Ludwig Hantson, president of Baxter BioScience. “This technology will be highly complementary to our expanding pipeline of bleeding disorder treatments as we continue our pursuit of a bleed-free world.”
Baxter and Chatham in May 2012 began collaborating on a treatment for hemophilia B.