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Decibel Therapeutics

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uuid0000qbb

Namestring
Decibel Therapeutics
Legal namestring
Decibel Therapeutics
Websiteurl
decibeltx.com
Company typeenum
Private
Founded yearint
2015
Descriptiontext

Decibel Therapeutics was a clinical-stage biotechnology company founded in 2015 and headquartered in Cambridge, Massachusetts, focused on discovering and developing gene therapies to protect, repair, and restore hearing. The company's core asset was Otarmeni (DB-OTO), a dual-vector adeno-associated virus (AAV) gene therapy that delivers a functional copy of the otoferlin gene directly into inner ear cells, enabling treatment of OTOF-related congenital deafness. The proprietary dual-vector approach was developed in collaboration with Columbia University researchers and overcomes the ~4.7 kb size limitation of standard AAV vectors by splitting the ~6 kb otoferlin gene across two viral vectors that reassemble functional protein in target cells. The Phase 1/2 CHORD trial demonstrated 80% of evaluable patients (16 of 20) achieving hearing improvements by week 24, with 9 of 12 core cohort patients discontinuing cochlear implants post-treatment and zero serious adverse events attributed to the therapy; results were published in the New England Journal of Medicine.

In September 2023, Regeneron Pharmaceuticals acquired Decibel for $109 million, integrating the DB-OTO program into its Genetic Medicines Center. Otarmeni received FDA accelerated approval in April 2026 as the first gene therapy for genetic hearing loss. The therapy targets an ultra-rare population of approximately 20-50 newborns diagnosed with OTOF-related hearing loss annually in the US, for whom Regeneron provides the one-time treatment free of charge through a patient assistance program. As an acquired subsidiary within Regeneron, Decibel no longer operates as an independent commercial entity; its strategic value is now expressed through the platform's potential expansion into broader hearing loss indications via secondary programs such as DB-020.

Short descriptiontext

Decibel Therapeutics was a clinical-stage hearing biotech that developed Otarmeni (DB-OTO), the first FDA-approved gene therapy for otoferlin-related congenital deafness. Acquired by Regeneron in 2023 for $109 million, it now operates within Regeneron's Genetic Medicines Center.

Operating statusenum
Acquired
Ownership categoryenum
Headcount rangeband
51–100
akta.pro rankint
HeadquartersCambridge, United States
HQ citystring
Cambridge
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Keyword5 values
gene therapy, hearing therapeutics, genetic medicine, otology treatments, aural medicine
Industry1 code
1Recombinant Protein Therapeutics (enzymes, hormones, growth factors)
CodeHLAAAAABPrimaryYes
NAICS code1 code
  • Scientific Research and Development Services5417
SIC code1 code
  • In Vitro & In Vivo Diagnostic Substances2835
Product category
Genetic Medicine / Hearing Loss Therapeutics
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Gene Therapy Commercialization
TypeOne Time License
Description

Regeneron acquired Decibel Therapeutics and is providing Otarmeni free of charge to eligible U.S. patients. The therapy represents proof-of-concept for larger hearing loss indications rather than a traditional revenue-generating product. The company appears to be using this approval for brand positioning on drug pricing and as a platform for future hearing loss treatments.

fool.com
Marketing channels3 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components4 values
Technology or R&D, Personnel, Operations, Marketing or Sales
Pricing details1 tier
1Free therapy program for eligible U.S. patients
ModelOtherBilling cadenceOne time/ perpetual license
Notes

One-time gene therapy provided at no cost to patients meeting eligibility criteria in the United States

fool.com
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Core offering1 text field

Decibel Therapeutics was a biotechnology company that developed gene therapies to protect, repair, and restore hearing. Its core asset was Otarmeni (DB-OTO), a one-time dual-vector AAV gene therapy that delivers a functional otoferlin gene into inner ear cells to treat otoferlin (OTOF)-related congenital deafness. The therapy received FDA accelerated approval in April 2026 as the first gene therapy approved for genetic hearing loss.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 6 values shown
  • 80% of evaluable patients (16 of 20) showed hearing improvements by week 24
+5 more records
Product overview1 text field

Decibel Therapeutics was a biotechnology company focused on developing gene therapies for hearing loss. The company's core product was DB-OTO (branded as Otarmeni), a gene therapy using a dual-vector adeno-associated virus (AAV) approach that splits the oversized otoferlin gene across two viruses to enable functional protein assembly in ear cells. Decibel Therapeutics was acquired by Regeneron Pharmaceuticals in 2023 for approximately $109 million, and Otarmeni received FDA accelerated approval in April 2026 as the first gene therapy for genetic hearing loss.

Product and service2 records
1Otarmeni (DB-OTO)
CategoryGene Therapy / Genetic Medicine
Description

A one-time, hospital-administered gene therapy that uses a dual-vector adeno-associated virus (AAV) delivery system to deliver a functional otoferlin gene into inner ear cells of children with OTOF-related congenital deafness, restoring near-normal hearing. It is the first FDA-approved gene therapy for genetic hearing loss and is provided free of charge to eligible U.S. patients through Regeneron.

2DB-020
CategoryHearing Loss Therapeutic Pipeline
Description

A pipeline candidate listed in the hearing loss clinical trial pipeline. Specific modality and indication details were not disclosed in the available sources.

Scale indicator6 records

Each record includes

Type, Value, Description, Source

Partnership2 partners
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2023-01-01
Description

Researchers at Columbia University collaborated with Decibel Therapeutics (later acquired by Regeneron) to develop the first FDA-approved gene therapy for otoferlin-related hearing loss. This collaboration led to the development of the dual-vector gene delivery approach that enabled the therapy's success.

Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2023-01-01
Description

Regeneron acquired Decibel Therapeutics in September 2023 for $109 million to strengthen its genetic medicine capabilities, particularly for sensory disorders such as genetic hearing loss. The acquisition brought the DB-OTO program into Regeneron's portfolio, which subsequently received FDA approval in April 2026.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers8 records
TypeDirect peer
Description

Akouos (acquired by Eli Lilly in 2022) developed AAV-based gene therapies for genetic hearing loss, including OTOF programs. It is the most directly comparable gene therapy peer in hearing restoration.

TypeDirect peer
Description

Frequency Therapeutics developed small-molecule and cell-therapy approaches to regenerate inner-ear hair cells for sensorineural hearing loss, targeting the same hearing-loss patient category with a different therapeutic modality.

TypeDirect peer
Description

Otonomy develops therapeutics for ear disorders including hearing loss and tinnitus, representing a direct competitor in clinical-stage hearing-loss drug development.

TypeEmerging player
Description

Sensorion is a France-based clinical-stage biotech developing gene therapies and small molecules for hearing loss, including OTOF programs, making it a directly comparable emerging gene therapy peer.

TypeEmerging player
Description

Pipeline Therapeutics focuses on synaptic regeneration for hearing loss and balance disorders, representing an adjacent emerging approach in the same clinical category.

TypeBroad incumbent
Description

Regeneron is Decibel's acquirer and parent company. It is a broad incumbent in biotech with a growing genetic medicines platform; comparable as the strategic steward of the DB-OTO/Otarmeni program.

TypeBroad incumbent
Description

Eli Lilly acquired Akouos in 2022 to enter the genetic hearing-loss gene therapy space, making it a broad incumbent directly competing with Regeneron/Decibel in the same therapeutic category.

TypeOthers
Description

Cochlear Limited is the leading cochlear implant manufacturer. While not a drug developer, it represents the standard-of-care alternative that gene therapies like Otarmeni aim to replace for eligible patients.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers1 record

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature3 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles8 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds5 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors16 records

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Decibel Therapeutics

Genetic Medicine / Hearing Loss Therapeuticsdecibeltx.com

Decibel Therapeutics was a clinical-stage hearing biotech that developed Otarmeni (DB-OTO), the first FDA-approved gene therapy for otoferlin-related congenital deafness. Acquired by Regeneron in 2023 for $109 million, it now operates within Regeneron's Genetic Medicines Center.

What Decibel Therapeutics does

Decibel Therapeutics was a clinical-stage biotechnology company founded in 2015 and headquartered in Cambridge, Massachusetts, focused on discovering and developing gene therapies to protect, repair, and restore hearing. The company's core asset was Otarmeni (DB-OTO), a dual-vector adeno-associated virus (AAV) gene therapy that delivers a functional copy of the otoferlin gene directly into inner ear cells, enabling treatment of OTOF-related congenital deafness. The proprietary dual-vector approach was developed in collaboration with Columbia University researchers and overcomes the ~4.7 kb size limitation of standard AAV vectors by splitting the ~6 kb otoferlin gene across two viral vectors that reassemble functional protein in target cells. The Phase 1/2 CHORD trial demonstrated 80% of evaluable patients (16 of 20) achieving hearing improvements by week 24, with 9 of 12 core cohort patients discontinuing cochlear implants post-treatment and zero serious adverse events attributed to the therapy; results were published in the New England Journal of Medicine.

In September 2023, Regeneron Pharmaceuticals acquired Decibel for $109 million, integrating the DB-OTO program into its Genetic Medicines Center. Otarmeni received FDA accelerated approval in April 2026 as the first gene therapy for genetic hearing loss. The therapy targets an ultra-rare population of approximately 20-50 newborns diagnosed with OTOF-related hearing loss annually in the US, for whom Regeneron provides the one-time treatment free of charge through a patient assistance program. As an acquired subsidiary within Regeneron, Decibel no longer operates as an independent commercial entity; its strategic value is now expressed through the platform's potential expansion into broader hearing loss indications via secondary programs such as DB-020.

Decibel Therapeutics firmographics

Firmographics
Name
Decibel Therapeutics
Legal name
Decibel Therapeutics
Website
https://decibeltx.com
Company type
Private
Founded year
2015
Operating status
Acquired
Headcount range
51–100 employees
Short description
Decibel Therapeutics was a clinical-stage hearing biotech that developed Otarmeni (DB-OTO), the first FDA-approved gene therapy for otoferlin-related congenital deafness. Acquired by Regeneron in 2023 for $109 million, it now operates within Regeneron's Genetic Medicines Center.
Ownership category
akta.pro rank

Decibel Therapeutics industry classification

Industry
Product category
Genetic Medicine / Hearing Loss Therapeutics
NAICS
Scientific Research and Development Services (5417)
SIC
In Vitro & In Vivo Diagnostic Substances (2835)
akta.pro primary industry
Recombinant Protein Therapeutics (enzymes, hormones, growth factors) (HLAAAAAB)

Keywords

  • Gene therapy
  • Hearing therapeutics
  • Genetic medicine
  • Otology treatments
  • Aural medicine

Where Decibel Therapeutics is headquartered

Location

Headquarters

HQ city
Cambridge
HQ country
United States
HQ region
North America

Markets served

Decibel Therapeutics business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Technology or R&D, Personnel, Operations, Marketing or Sales

Revenue model

  1. Gene Therapy Commercialization: Regeneron acquired Decibel Therapeutics and is providing Otarmeni free of charge to eligible U.S. patients. The therapy represents proof-of-concept for larger hearing loss indications rather than a traditional revenue-generating product. The company appears to be using this approval for brand positioning on drug pricing and as a platform for future hearing loss treatments.

Pricing tiers

ModelBillingPrice
OtherOne time/ perpetual licenseFree therapy program for eligible U.S. patients

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Decibel Therapeutics product offering

Product offering

Core offering

Decibel Therapeutics was a biotechnology company that developed gene therapies to protect, repair, and restore hearing. Its core asset was Otarmeni (DB-OTO), a one-time dual-vector AAV gene therapy that delivers a functional otoferlin gene into inner ear cells to treat otoferlin (OTOF)-related congenital deafness. The therapy received FDA accelerated approval in April 2026 as the first gene therapy approved for genetic hearing loss.

Product overview

Decibel Therapeutics was a biotechnology company focused on developing gene therapies for hearing loss. The company's core product was DB-OTO (branded as Otarmeni), a gene therapy using a dual-vector adeno-associated virus (AAV) approach that splits the oversized otoferlin gene across two viruses to enable functional protein assembly in ear cells. Decibel Therapeutics was acquired by Regeneron Pharmaceuticals in 2023 for approximately $109 million, and Otarmeni received FDA accelerated approval in April 2026 as the first gene therapy for genetic hearing loss.

Differentiator

Problem solved

Functional benefit

Products and services

  • Otarmeni (DB-OTO) A one-time, hospital-administered gene therapy that uses a dual-vector adeno-associated virus (AAV) delivery system to deliver a functional otoferlin gene into inner ear cells of children with OTOF-related congenital deafness, restoring near-normal hearing. It is the first FDA-approved gene therapy for genetic hearing loss and is provided free of charge to eligible U.S. patients through Regeneron.
  • DB-020 A pipeline candidate listed in the hearing loss clinical trial pipeline. Specific modality and indication details were not disclosed in the available sources.

Quantifiable outcome

  • 80% of evaluable patients (16 of 20) showed hearing improvements by week 24
  • +5 more outcomes

Companies that use Decibel Therapeutics

Customer profile

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Decibel Therapeutics technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature3 records

Decibel Therapeutics partnerships and signals

Strategic signal

Partnerships

Two partnerships are on record, tiered core.

  • Columbia UniversitycoreStrategic or Co-development Partner · 1 January 2023Researchers at Columbia University collaborated with Decibel Therapeutics (later acquired by Regeneron) to develop the first FDA-approved gene therapy for otoferlin-related hearing loss. This collaboration led to the development of the dual-vector gene delivery approach that enabled the therapy's success.
  • Regeneron PharmaceuticalscoreStrategic or Co-development Partner · 1 January 2023Regeneron acquired Decibel Therapeutics in September 2023 for $109 million to strengthen its genetic medicine capabilities, particularly for sensory disorders such as genetic hearing loss. The acquisition brought the DB-OTO program into Regeneron's portfolio, which subsequently received FDA approval in April 2026.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Decibel Therapeutics competitors and assessment

Company assessment

Direct peers

  • Akouos: Akouos (acquired by Eli Lilly in 2022) developed AAV-based gene therapies for genetic hearing loss, including OTOF programs. It is the most directly comparable gene therapy peer in hearing restoration.
  • Frequency Therapeutics: Frequency Therapeutics developed small-molecule and cell-therapy approaches to regenerate inner-ear hair cells for sensorineural hearing loss, targeting the same hearing-loss patient category with a different therapeutic modality.
  • Otonomy: Otonomy develops therapeutics for ear disorders including hearing loss and tinnitus, representing a direct competitor in clinical-stage hearing-loss drug development.

Emerging players

  • Sensorion: Sensorion is a France-based clinical-stage biotech developing gene therapies and small molecules for hearing loss, including OTOF programs, making it a directly comparable emerging gene therapy peer.
  • Pipeline Therapeutics: Pipeline Therapeutics focuses on synaptic regeneration for hearing loss and balance disorders, representing an adjacent emerging approach in the same clinical category.

Broad incumbents

  • Regeneron Pharmaceuticals: Regeneron is Decibel's acquirer and parent company. It is a broad incumbent in biotech with a growing genetic medicines platform; comparable as the strategic steward of the DB-OTO/Otarmeni program.
  • Eli Lilly: Eli Lilly acquired Akouos in 2022 to enter the genetic hearing-loss gene therapy space, making it a broad incumbent directly competing with Regeneron/Decibel in the same therapeutic category.

Others

  • Cochlear Limited: Cochlear Limited is the leading cochlear implant manufacturer. While not a drug developer, it represents the standard-of-care alternative that gene therapies like Otarmeni aim to replace for eligible patients.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Decibel Therapeutics social profiles

Digital presence

Decibel Therapeutics financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Decibel Therapeutics leadership team

Management profile

Number of profiles

Profiles8 records

Decibel Therapeutics funding detail

Funding detail

Funding overview

Funding rounds5 records

Investors16 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Decibel Therapeutics M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Decibel Therapeutics

What does Decibel Therapeutics do?

Decibel Therapeutics was a biotechnology company that developed gene therapies to protect, repair, and restore hearing. Its core asset was Otarmeni (DB-OTO), a one-time dual-vector AAV gene therapy that delivers a functional otoferlin gene into inner ear cells to treat otoferlin (OTOF)-related congenital deafness. The therapy received FDA accelerated approval in April 2026 as the first gene therapy approved for genetic hearing loss.

Is Decibel Therapeutics a public or private company?

Decibel Therapeutics is a private company. It is classified as corporate owned and is currently acquired.

When was Decibel Therapeutics founded?

Decibel Therapeutics was founded in 2015. It employs 51 to 100 people.

Where is Decibel Therapeutics based?

Decibel Therapeutics is headquartered in Cambridge, United States, in the North America region.

How does Decibel Therapeutics make money?

One revenue line is on record: gene Therapy Commercialization.

Who are Decibel Therapeutics's main competitors?

Direct peers on record are Akouos, Frequency Therapeutics and Otonomy. Emerging players are Sensorion and Pipeline Therapeutics. Broad incumbents are Regeneron Pharmaceuticals and Eli Lilly. Cochlear Limited is listed as an others.

Does Decibel Therapeutics have an API?

No public API is recorded for Decibel Therapeutics.

What industry is Decibel Therapeutics in?

Decibel Therapeutics's product category is Genetic Medicine / Hearing Loss Therapeutics. Its primary akta.pro industry code is HLAAAAAB, Recombinant Protein Therapeutics (enzymes, hormones, growth factors). Its NAICS code is 5417 and its SIC code is 2835.

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Live signals
Mirage NewsHow Lab Discovery Turned Silence Into SoundResearchers at Columbia University, in collaboration with Decibel Therapeutics (later acquired by Regeneron), developed the first FDA-approved gene therapy for otoferlin-related hearing loss, approved in April 2026. The therapy uses a dual-vector gene delivery approach that splits the oversized otoferlin gene across two viruses, enabling functional protein assembly in ear cells and restoring near-normal hearing in treated children. The success has spurred multiple international groups to advance gene therapies for other common genetic deafness forms, including connexin-26 mutations.The Motley FoolIs This Biotech Stock a Buy After a Groundbreaking Approval?Regeneron announced on April 23 that the FDA granted accelerated approval for Otarmeni, the first and only gene therapy for OTOF-related hearing loss, with 80% of trial patients showing hearing improvement. The company decided to offer the therapy for free in the U.S., a move attributed to the ultra-rare nature of the disease (20-50 newborn diagnoses annually), potential positive brand positioning on drug pricing, and its use as a proof-of-concept for larger hearing loss indications. Regeneron acquired Otarmeni through its 2023 purchase of Decibel Therapeutics, and the company reported Q1 revenue of $3.6 billion, up 19% year over year, driven by Dupixent and Eylea.openPR.comGene Silencing Market Overview, Key Trends, and Insights on Major PlayersThe gene silencing market is projected to reach $12.1 billion by 2030, growing at a compound annual growth rate of 12.6%, driven by advances in gene therapy pipelines, CRISPR technology, and increased demand for targeted therapeutics. In September 2023, Regeneron Pharmaceuticals Inc. acquired Decibel Therapeutics for an undisclosed sum to strengthen its genetic medicine capabilities, particularly for sensory disorders such as genetic hearing loss. Additionally, Judo Bio Inc. launched a next-generation siRNA-based drug in October 2024 featuring proprietary lipid nanoparticle delivery and AI-driven target discovery platforms.MedCity NewsRegeneron Gets Landmark FDA Approval for First Gene Therapy for Hearing LossThe FDA approved Regeneron's gene therapy Otarmeni for OTOF-related hearing loss, the first genetic medicine for an inherited form of hearing loss. The therapy, developed with Decibel Therapeutics, is free to patients but requires provider-administered costs. Regeneron may see revenue from selling the pediatric disease priority review voucher.NejmDB-OTO Gene Therapy for Inherited DeafnessRegeneron Pharmaceuticals announced results from a first-in-human registrational clinical trial of DB-OTO gene therapy for children with OTOF-related congenital deafness, published in the New England Journal of Medicine. The study found that 9 of 12 participants (75%) met the primary efficacy endpoint of achieving hearing thresholds of 70 dB HL or less at week 24, with 6 children able to hear soft speech without assistive devices and 3 achieving normal hearing sensitivity. The therapy, which delivers otoferlin gene via dual adeno-associated virus vector, was developed through Regeneron's acquisition of Decibel Therapeutics' auditory sciences program, with no serious adverse events reported.RegeneronOver 35 Years of Scientific InnovationRegeneron is highlighting its 35-year history of scientific innovation, emphasizing its commitment to patient well-being and ethical standards. The article details a timeline of significant milestones including FDA approvals for multiple medicines, strategic acquisitions such as 2seventy bio and Decibel Therapeutics, and expanded manufacturing partnerships with entities like FUJIFILM Diosynth Biotechnologies and Sanofi.Cambridge University HospitalsWorld-first trial to provide hearing for children with rare type of genetic hearing loss launches in CambridgeAddenbrooke’s Hospital in Cambridge has launched a world-first clinical trial to test gene therapy for children with severe hearing loss caused by OTOF gene mutations, recruiting participants from the UK, Spain, and the USA. The trial is sponsored by Regeneron Pharmaceuticals, which acquired Decibel Therapeutics, and aims to determine if the treatment can restore hearing more effectively than current cochlear implant standards.GlobeNewswireRegeneron Completes Acquisition of Decibel Therapeutics, Adding Promising Gene Therapy Programs for Hearing LossRegeneron completed its acquisition of Decibel Therapeutics, adding three gene therapy programs for congenital hearing loss. The lead candidate DB-OTO is in Phase 1/2 trials, with contingent value rights offering up to $3.50 per share upon clinical milestones. Regeneron will update its financial guidance after the transaction.GlobeNewswireRegeneron Completes Acquisition of Decibel Therapeutics, Adding Promising Gene Therapy Programs for Hearing LossRegeneron Pharmaceuticals has completed its acquisition of Decibel Therapeutics, integrating three gene therapy programs targeting congenital hearing loss into its portfolio. The deal involved a tender offer where shareholders received $4.00 per share plus contingent value rights for future clinical and regulatory milestones. This move strengthens Regeneron's genetic medicines capabilities through the inclusion of Decibel’s lead candidate DB-OTO and preclinical assets.GlobeNewswireDecibel Therapeutics Reports Second Quarter 2023 Financial Results and Corporate UpdateDecibel Therapeutics reported Q2 2023 financial results and a corporate update, including a definitive agreement for Regeneron to acquire the company. The acquisition values Decibel at approximately $109 million, up to $213 million with milestones. The company also received FDA Breakthrough Therapy Designation for DB-020 and expects first patient dosing in H2 2023.