ZURICH, Jan 8 (Reuters) - Roche on Wednesday
said it planned to complete its purchase of U.S.
biopharmaceutical company Poseida Therapeutics ( PSTX ), a
specialist in complex immune cell therapies to treat several
types of blood cancer.
Roche said it has accepted for payment nearly 65 million
shares in Poseida - equivalent to 66% of the California
company's stock - which had been tendered by shareholders at a
price of $9 per share, with an additional contingent payment of
up to $4 per share.
The consideration takes the deal value up to around $1.5
billion.
The acquisition, announced in
November
, is the latest move by Roche to boost its development
pipe-line to offset falling oncology sales.
"Later today, Roche intends to complete the acquisition of
Poseida ...without a vote or meeting of Poseida's stockholders,"
Roche said on Wednesday.
In the takeover, all shares of Poseida not owned by
Poseida, or Roche will be converted into the right to receive
the same consideration per share, the Swiss company said.
Poseida, which will become a wholly owned subsidiary of
Roche, will add so-called allogeneic CAR-T cell therapies, which
use genetically modified immune cells to attack cancer cells or
to treat auto immune diseases.
Poseida is also working on CAR-T programmes for solid
tumours and autoimmune diseases.