Ginkgo Bioworks Acquired Modulus Therapeutics' Cell Therapy Assets; Terms Not Disclosed
Portfolio Pulse from Charles Gross
Ginkgo Bioworks has acquired Modulus Therapeutics' cell therapy platform assets, including CAR and switch receptor libraries. The terms of the acquisition were not disclosed.
April 02, 2024 | 11:10 am
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Ginkgo Bioworks acquires Modulus Therapeutics' cell therapy assets, enhancing its platform in cell programming and biosecurity.
The acquisition of Modulus Therapeutics' cell therapy assets, including CAR and switch receptor libraries, directly enhances Ginkgo Bioworks' capabilities in cell programming and biosecurity. This strategic move is likely to be viewed positively by investors, as it could open up new opportunities and markets for Ginkgo Bioworks, potentially leading to an increase in its stock price in the short term.
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