Developer of oral versions of biologic therapies to be purchased by Intrexon

Biotech player Intrexon ($XON) has signed up to acquire Belgium's ActoGeniX for $60 million. The new addition is a developer of oral meds as an alternative to injectable biologics. Currently, biologic therapies cannot withstand the rigors of the acid in the stomach, so oral versions of the new-era drugs are lacking. "Utilization of living biofactories, whether through adoptive T-cell therapies, autologous fibroblast platforms or food-grade microbes, is one of the principal objects of the engineering of biology, which we aspire to lead at Intrexon," CEO R.J. Kirk said in a statement. "The outstanding team at ActoGeniX is a welcome addition to assist us in this endeavor." More

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