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Shionogi Set To Acquire R&D Partner Tetra After Raising Stake

Deal Hinges On Imminent Alzheimer’s Results

 
• By Ian Haydock

Japanese firm sets stage to acquire US bioventure after it raises stake just ahead of key readout for lead asset.

Alzheimers_677117191_Atthapon-Raksthaput_1200.jpg
Shionogi Eyes Alzheimer's Via Possible Tetra Deal • Source: Shutterstock

Japan’s Shionogi & Co. Ltd. has strengthened its existing links with research partner Tetra Therapeutics by increasing its ownership of the US-based venture to up to 50% through a new merger agreement.

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