Following US antitrust clearance, Daiichi Sankyo has completed its acquisition of Plexxikon, successfully sealing a $935 million transaction that will see the formerly private US firm continuing to operate as an independent R&D unit of the Japanese major.
The main driving force for the deal, first announced around a month ago, is Daiichi Sankyo's desire to bolster its presence in oncology, where a number of leading Japanese pharma companies have made large acquisitions over the past few years