Skip to main content
Premium Trial:

Request an Annual Quote

Millennium to Acquire Cambridge Discovery for $53M


Millennium Pharmaceuticals has agreed to acquire Cambridge Discovery Chemistry, a wholly-owned subsidiary of the UK’s Oxford Molecular Group, for $53 million in cash.

To finance the deal, Millennium said it would sell securities in a private placement.

Based in Cambridge, Mass., Millennium said the acquisition would help it to build its medicinal and computational chemistry infrastructure in order to to accelerate its downstream drug discovery program.

“This enhanced discovery research capability will be invaluable not only in advancing Millennium’s proprietary pipeline, but in Millennium’s recently announced strategic alliance with Aventis, a collaboration for the discovery, development, and commercialization of anti-inflammatory drugs and the development of drug discovery technologies,” said Mark Levin, chairman and CEO of Millennium.

The deal will more than double Millennium’s chemistry staff to 150. Millennium, which currently employs more than 1,000 people, said it has plans for further growth.

Cambridge Discovery Chemistry will continue to operate in the United Kingdom.

Filed under

The Scan

Rise of BA.5

The New York Times reports that the Omicron subvariant BA.5 has become the dominant version of SARS-CoV-2 in the US.

UK Health Secretary Resigns

Sajid Javid, the UK health secretary, resigned along with Chancellor Rishi Sunak, saying they cannot work with Prime Minister Boris Johnson's government, CNN reports.

Clones From Freeze-Dried Cells

A team in Japan has cloned mice from freeze-dried skin cells, according to the Guardian.

Genome Research Papers on Craniosynostosis, Macaque Retrotransposition, More

In Genome Research this week: structural variants in craniosynostosis, LINE-1 activity in rhesus macaque brain, and more.