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Dainippon Buys Boston Biomedical To Build On Cancer Strategy

 
• By Jessica Merrill

Japanese pharma Dainippon will gain two clinical-stage novel drugs targeting cancer stem cells and a drug-discovery platform with the acquisition of Boston Biomedical for $200 million upfront and substantial milestones.

Dainippon Sumitomo Pharma Co. plans to acquire the private U.S. biotech Boston Biomedical Inc., making good on a promise to increase its R&D focus on oncology. The Japanese pharma announced the heavily back-end loaded acquisition Feb. 29, agreeing to pay $200 million to Boston Biomedical shareholders upfront and an additional $540 million in development milestones and $1.89 billion in sales milestones if net sales reach $4 billion.

With the acquisition, Dainippon will gain two potential first-in-class drugs targeting cancer stem cells and a drug discovery platform. Both BBI608 and BBI503 are in mid-stage clinical development. The company...

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More from Japan

Japan Price Cuts For Epkinly and Lunsumio Following CEA

 
• By Lisa Takagi

Japan is cutting more drug reimbursement prices following cost effectiveness analysis and is applying the methodology to a new group of products including Wegovy and Leqembi.

Japan Reimburses 11 New Drugs But Slashes Price Of Others By Up To 20%

 
• By Lisa Takagi

Japan's NHI program continues to give and take as 11 new drugs are granted reimbursement, while the prices of others - including three ophthalmic therapies - are cut by up to 20% under a Market Expansion Repricing scheme.

Japan Looks To Build Domestic Capacity In New Modalities

 
• By Lisa Takagi

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Japan Identifies Drugs ‘In Urgent Need’ Of Development

 
• By Lisa Takagi

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More from Asia

Japan Reimburses 11 New Drugs But Slashes Price Of Others By Up To 20%

 
• By Lisa Takagi

Japan's NHI program continues to give and take as 11 new drugs are granted reimbursement, while the prices of others - including three ophthalmic therapies - are cut by up to 20% under a Market Expansion Repricing scheme.

Korean Pharma Industry Proposes Policies As Election Nears

 
• By Jung Won Shin

As South Korea gears up for a snap presidential election, its biopharma industry proposes key desired policies to candidates, most of whom have not laid out detailed plans of their own for the sector.

US FDA’s Expanded Surprise Foreign Inspections: Impact And Enforcement Hoops

 
• By Anju Ghangurde

As the US FDA expands unannounced foreign inspections building on pilots in India and China, experts expect higher scrutiny of overseas sites and perhaps even an industry shakeout in the longer term, though staffing and enforcement challenges could slow things down.