M&A Deal Summary

AstraZeneca Acquires TRACERx

On December 24, 2024, AstraZeneca acquired life science company TRACERx from Achilles Therapeutics

Acquisition Highlights
  • This is AstraZeneca’s 18th transaction in the Life Science sector.
  • This is AstraZeneca’s 3rd transaction in the United Kingdom.

M&A Deal Summary

Date 2024-12-24
Target TRACERx
Sector Life Science
Buyer(s) AstraZeneca
Sellers(s) Achilles Therapeutics
Deal Type Divestiture

Target

TRACERx

London, United Kingdom
TRACERx is a tumor evolution study to generate deep sequencing multi-region and multi-time point genetic data from over 3,200 tumor samples from over 800 lung cancer patients. TRACERx is based in London, United Kingdom.

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Buyer(S) 1

Buyer

AstraZeneca

Cambridge, United Kingdom

Category Company
Founded 1992
Sector Life Science
Employees83,100
Revenue 54.1B USD (2024)
DESCRIPTION
Main office on AstraZeneca's campus in Waltham, Massachusetts.
Main office on AstraZeneca's campus in Waltham, Massachusetts.

AstraZeneca is a global biopharmaceutical company that focuses on the discovery, development, and commercialization of prescription medicines in several major disease areas, including oncology, cardiovascular, renal & metabolism, and respiratory & immunology. AstraZeneca was founded in 1992 and is based in Cambridge, United Kingdom.


DEAL STATS #
Overall 20 of 22
Sector (Life Science) 18 of 20
Type (Divestiture) 5 of 6
Country (United Kingdom) 3 of 3
Year (2024) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-19 Fusion Pharmaceuticals

Hamilton, Ontario, Canada

Fusion Pharmaceuticals is a pharmaceutical company focused on the targeted alpha therapy field. Fusion will exploit its unique expertise in linking medical isotopes to targeting molecules to create highly effective therapeutics. Fusion Pharmaceuticals was formed in 2014 and is based in Hamilton, Ontario.

Buy $2.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-20 FibroGen China

China

FibroGen China is a biopharmaceutical company.

Buy $160M

Seller(S) 1

SELLER

Achilles Therapeutics

London, United Kingdom

Category Company
Founded 2016
Sector Life Science
Employees204
Revenue 75M USD (2023)
DESCRIPTION

Achilles Therapeutics is a developer of next-generation, patient-specific therapies that harness the immune system to destroy cancer cells. The therapies will target truncal (also known as clonal) tumor neo-antigens, unique flags to the immune system present on the surface of every cancer cell. These truncal neo-antigens are created early in cancer’s evolution and present on all cancer cells in an individual patient’s tumor but not on healthy cells, so could allow scientists to target and destroy tumors without harming healthy tissues. Achilles Therapeutics was incorporated in 2016 and is based in London, United Kingdom.


DEAL STATS #
Overall 1 of 1
Sector (Life Science) 1 of 1
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2024) 1 of 1