M&A
confidence high
sentiment positive
materiality 0.85
bluebird bio, Inc.: M&A transaction — bluebird bio sells Rare Pediatric Disease PRV to Bristol-Myers Squibb for $95M cash
bluebird bio, Inc.
- Sold PRV awarded for ZYNTEGLO (betibeglogene autotemcel) for β-thalassemia to Bristol-Myers Squibb.
- Total purchase price of $95 million paid in cash at closing on January 5, 2023.
- Sale closed simultaneously with execution of Asset Purchase Agreement; no assumed liabilities.
- Proceeds provide capital infusion; no specific use of proceeds disclosed.
- PRV transfer required FDA notification within 14-30 days post-closing.