Ono Buys Deciphera, Gaining A Commercial Cancer Drug And Infrastructure

The Japanese pharmaceutical company will acquire Deciphera for $2.4bn, gaining GIST treatment Qinlock (ripretinib).

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ONO is gaining new assets with Deciphera • Source: Shutterstock

Ono Pharmaceutical Company, Ltd., a Japanese pharmaceutical firm, has ambitions to become a global specialty pharma company and has made a move to strengthen its geographic footprint. The company announced plans to acquire Waltham, MA-based Deciphera Pharmaceuticals, Inc. for $2.4bn, gaining a marketed cancer drug and a commercial presence in the US and Europe.

Ono revealed the acquisition on 29 April, agreeing to pay $25.60 per share in cash for Deciphera, a 72% premium...

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