Otsuka Pharmaceutical Co. Ltd. has entered into a definitive agreement to pay around $430m in cash for the private US antibody technology venture Visterra Inc., in a step the major Japanese pharma firm says will boost its presence in renal and infectious diseases with unmet needs.
Otsuka Bags Novel Antibody Tech, Pipeline In $430m Visterra Buy
Otsuka liked the private US antibody tech company Visterra so much that it is buying it, in a move developing out of licensing discussions and which the Japanese firm says will strengthen its presence in biologics for renal disorders and other high-need areas.
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