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Propella Acquisition To Shore Up Astellas’s Prostate Cancer Presence

Advantages Seen Over Zytiga

 
• By Ian Haydock

Astellas makes targeted acquisition of small, private US venture in apparent move to shore up its prostate cancer franchise amid a looming major patent expiry. 

Astellas announced the acquisition of Propella for a $175m deal.
Propella deal to shore up Astellas's prostate cancer franchise • Source: Shutterstock

Astellas Pharma, Inc. is to acquire the private US company Propella Therapeutics, Inc. in a $175m deal that will bring with it an early clinical-stage asset for prostate cancer, a core area of interest to the Japanese firm and where it is facing a major patent expiry in the next few years.

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