Otsuka Pharmaceutical Co. Ltd. is paying up to $1.3bn for private US-based drug discovery specialist Jnana Therapeutics Inc., in a deal that will give the Japanese major access to platform technology and phenylketonuria asset it sees as complementing its existing portfolio and earlier acquisitions.
Otsuka Gets Discovery Platform, PKU Asset In $1.3bn Jnana Acquisition
Major Japanese firm picks up US drug discovery platform company Jnana in apparent bid to strengthen discovery capabilities and build its mid-stage R&D presence in the renal area.
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