DNA oncology23 Oct 2024 20:38
New Haven, Conn., October 23, 2024 – Modifi Biosciences, Inc. (“Modifi
Biosciences”) a leader in the development of direct DNA modification
enabled cancer therapeutics, today announced that the company has been
acquired by Merck, known as MSD outside of the United States and Canada.
“In founding Modifi Biosciences, we sought to radically change the oncology
treatment paradigm for cancer patients with glioblastoma and other
tumors,” said Ranjit S. Bindra, MD, PhD, Modifi Biosciences Co-founder,
Harvey and Kate Cushing, Professor of Therapeutic Radiology at Yale School
of Medicine, and Scientific Director of the Yale Brain Tumor Center at Smilow
Cancer Hospital. “We are honored to have Merck recognize the potential of
our science, and as an oncology company, they are perfectly positioned to
advance our innovations through clinical trials and commercialization.”
Under the terms of the agreement Merck, through a subsidiary, has acquired
all outstanding shares of Modifi Biosciences for $30 million upfront. Modifi