Northwest Biotherapeutics Acquires Flaskworks
August 28, 2020
Northwest Biotherapeutics (NW Bio) acquired Flaskworks, a developer of closed-system automation for cell therapy manufacturing, to scale up production volumes of its DCVax products and reduce manufacturing costs. The acquisition closed on August 28, 2020 for approximately $4.33 million in cash and stock consideration; Flaskworks' technical team joined NW Bio and certain IP and a license from Northeastern University were included.
- Buyers
- Northwest Biotherapeutics
- Targets
- Flaskworks
- Sellers
- Technical founders, Corning Incorporated
- Industry
- Biotechnology
- Location
- Massachusetts, United States
- Transaction Type
- Buyout
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