Incyte pays out $70M to get hands on Medicxi-backed vitiligo biotech

The M&A wheels keep on turning in biotech — and this time it’s Incyte that gets to do the dealmaking.

The Delaware biotech put out word on Monday morning that it will be shelling out $70 million in cash to acquire Villaris Therapeutics. Incyte will not only acquire Villaris, but also exclusive global rights for Villaris’s lead candidate auremolimab.