Nationwide Children’s gene therapy spinoff acquired for $165M after promising results

A third gene therapy spinoff from Nationwide Children’s Hospital has been acquired, this time for $165 million.

Myonexus Therapeutics Inc. this week released promising results from tests in children of a therapy for a form of muscular dystrophy. Then Sarepta Therapeutics Inc., a publicly traded Boston-area biotech company, moved more than a year early to exercise its option to purchase the startup. It had made a down payment of $60 million last May.

The sale brings a return for the Columbus pediatric hospital, Rev1 Ventures, CincyTech and foundations, parents and patients who invested in Myonexus. I’ve left a message with the hospital seeking comment.

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Story excerpt provided by Columbus Business First.

Written by Carrie Ghose.

Originally published February 28, 2019.