The founders and investors of the privately owned Belgian biotech Ogeda SA will be flush with up to €800m following the sale of the company to Astellas Pharma Inc., one of the first pharma companies to express an interest in the biotech during its earlier development stage. However, the Belgian firm is only likely to retain operations for around a year in its home country post-acquisition.
Astellas Flashes Cash For Ogeda's Women's Health Drug
Astellas is spending €500m up front to acquire Belgium-based biotech Ogeda for its pipeline of women's health products, including Phase II drug candidate fezolinetant, a non-hormonal treatment for menopausal hot flashes that could be on the market within five years.
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