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Ferring Pharmaceuticals to buy Martín Varsavsky's biotech firm Gameto for US$1.3825 billion

TechnologyInternationalLa Nación30 s readAI summary
Image: La Nación

Argentine-Spanish entrepreneur Martín Varsavsky announced that Swiss pharmaceutical company Ferring Pharmaceuticals will buy Gameto, his fertility-focused biotech firm, for US$1.3825 billion. The deal was announced at the Annual Congress of the American Society for Reproductive Medicine in Baltimore. Gameto, founded in 2020, develops Fertilo, a product that cuts hormonal injections in fertility treatments by about 80% and is in Phase 3 for FDA approval.

In 30 seconds

  • Ferring Pharmaceuticals, a Swiss maker of fertility medicines, will buy Gameto for US$1.3825 billion.
  • Gameto, founded in 2020, raised US$127 million across several funding rounds.
  • Its Fertilo product cuts hormonal injections by about 80% and is halfway through Phase 3 before the FDA.
Read the full story at La Nación

IASummary generated by artificial intelligence from a story by La Nación. It may contain errors: the original source prevails.

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