BlueRock becomes Bayer's cell therapy foundation

Three years after leading the $225 million series A round for stem cell company BlueRock, Bayer is doling out $240 million in cash up front to acquire the company outright.

BlueRock Therapeutics L.P. will lay the foundation for the German pharma's cell and gene therapy portfolio, Stefan Oelrich told BioCentury. Oelrich is president of Bayer's pharmaceutical division...