M&A Deal Summary

Carisma Therapeutics Acquires Sesen Bio

On March 7, 2023, Carisma Therapeutics acquired life science company Sesen Bio

Acquisition Highlights
  • This is Carisma Therapeutics’ 1st transaction in the Life Science sector.
  • This is Carisma Therapeutics’ 1st transaction in the United States.
  • This is Carisma Therapeutics’ 1st transaction in Massachusetts.

M&A Deal Summary

Date 2023-03-07
Target Sesen Bio
Sector Life Science
Buyer(s) Carisma Therapeutics
Deal Type Merger
Advisor(s) Leerink Partners (Financial)
Hogan Lovells (Legal)

Target

Sesen Bio

Cambridge, Massachusetts, United States
Sesen is a biologics oncology company focused on the development of novel therapies based upon tumor targeting antibody fragments genetically fused to a cytotoxic protein payload called Targeted Protein Therapeutics (TPTs). Eleven Sesen Bio was founded in 2008 and is based in Cambridge, Massachusetts.

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Buyer(S) 1

Buyer

Carisma Therapeutics

Philadelphia, Pennsylvania, United States

Category Company
Founded 2016
Sector Life Science
Employees46
Revenue 20M USD (2024)
DESCRIPTION

Carisma Therapeutics is a biotechnology company, focuses on developing transformative therapies to treat liver fibrosis and cancer in the United States. Its product candidate includes CT-2401, which is in preclinical trail for the treatment of liver fibrosis. The company also develops CT-1119, a mesothelin-targeted CAR-Monocyte that is in phase I clinical trial to treat patients with advanced mesothelin-positive solid tumors, including pancreatic cancer, ovarian cancer, lung cancer, mesothelioma, and others. Carisma Therapeutics was founded in 2016 and is based in Philadelphia, Pennsylvania.


DEAL STATS #
Overall 1 of 1
Sector: Life Science M&A 1 of 1
Type: Merger M&A Deals 1 of 1
State: Massachusetts M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2023 M&A 1 of 1