STAT+: What Regeneron’s purchase of Checkmate Pharma says about the state of biotech

Regeneron's purchase of Checkmate Pharmaceuticals is a rare buyout in biotech these days — and says a lot about the state of the industry.

There are a few angles through which to view Tuesday’s acquisition of Checkmate Pharmaceuticals by Regeneron Pharmaceuticals, but let’s start positively.

A buyout deal is happening in biotech, which is struggling mightily right now. Granted, this takeout is not a blockbuster — Regeneron is paying $250 million in cash to acquire Checkmate — but any deal at this point should help boost sentiment in a sector that has been abandoned by investors in 2022.

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