Mergers & Acquisitions

Genetronics acquires gene-delivery company

Published in Biotech Business Week, February 21st, 2005

Genetronics Biomedical Corp. (GEB), a late-stage developer of oncology and other therapies using electroporation to deliver drugs and nucleic acids, announced the acquisition of Oslo, Norway-based Inovio, AS, which it describes as "a leader in patented gene-delivery technology for the most efficient, nonviral method for gene transfer to skeletal muscles."

Inovio's use of electroporation for gene therapy and DNA vaccines is a complement to Genetronics' existing electroporation therapy program. The acquisition expands Genetronics' intellectual property in electroporation, expands the number of agreements with major pharmaceutical companies, and provides for the near-term...

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Source: Biotech Business Week (2005-02-21)

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