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Eli Lilly and Astellas will be the lead bidders at an auction for Sangamo assets. Elsewhere, Merck KGaA struck a “build-to-buy” deal with a new Versant Ventures startup.
Published June 24, 2026
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Eli Lilly and Astellas will be the lead bidders at an auction for Sangamo assets. Elsewhere, an investor syndicate committed $230 million to a gene editing startup and Merck KGaA struck a “build-to-buy” deal.
An article from
News roundup
Eli Lilly and Astellas will be the lead bidders at an auction for Sangamo assets. Elsewhere, Merck KGaA struck a “build-to-buy” deal with a new Versant Ventures startup.
Published June 24, 2026
Getty Images

Sangamo Bankruptcy Puts Gene Therapy Platforms In Play, Eli Lilly And Astellas Circle - SANGAMO THERAPEUT

Sangamo’s three-decade run comes to a close as Lilly and Astellas eye assets

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Another big deal, another sign biotech M&A is back

Boundless Bio's reverse merger; CARsgen wins first solid tumor approval for CAR-T

Gene-editing startup launches with $230 million and a Chinese licensing deal

Sangamo files for Chapter 11 as Eli Lilly and Astellas step in to buy its valuable gene therapy and genome-editing assets.

Sangamo Therapeutics files for bankruptcy after three decades, selling assets to Eli Lilly for $50M and Astellas for up to $50M,…

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RIP Sangamo, onshoring with drug manufacturing, and more biotech news from The Readout