Roche Acquires Telavant for $7.1 Billion
Roche Holding AG announced on October 23 that it will acquire Telavant Holdings from its majority owner, Roivant Sciences. Under the terms of the agreement, Roche will pay a purchase price of $7.1 billion upfront and a near-term milestone payment of $150 million. Telavant is a biotechnology company that produces drugs to treat inflammatory and fibrotic diseases. It is in the process of developing a new therapy for patients with Crohn’s disease. Telavant was jointly formed by Roivant and Pfizer, Inc. in 2022 to develop and commercialize RVT-3101, a monthly subcutaneously administered anti-TL1A antibody, in the United States and Japan. Roivant currently owns 75% of the issued and... Read More »
Novo Nordisk Acquires ocedurenone
On October 16, Novo Nordisk A/S announced it acquired ocedurenone from KBP Biosciences PTE., Ltd., a biotechnology company. According to Novo’s press release, the acquisition was valued at $1.3 billion. ocedurenone is an orally administered, small molecule, non-steroidal mineralocorticoid receptor antagonist that is currently being examined in the phase 3 trial, CLARION-CKD, in patients with uncontrolled hypertension and advanced chronic kidney disease. ocedurenone has been investigated in nine clinical trials including the BLOCK-CKD Phase 2b trial. Novo Nordisk is a leading global healthcare company founded in 1923 and headquartered in Denmark. Novo Nordisk employs more than... Read More »
Eton Pharmaceuticals Acquires New Drug Application
On October 4, Eton Pharmaceuticals, Inc. announced it entered into an agreement to acquire an abbreviated new drug application for Nitisinone Capsules from Oakrum Pharma, LLC. This transaction is part of Oakrum Pharma’s Chapter 11 bankruptcy proceedings. Nitisinone Capsules were approved by the FDA in May 2023 for the treatment of hereditary tyrosinemia type 1 (HT-1) in combination with dietary restriction of tyrosine and phenylalanine. Oakrum Pharma is a biopharmaceutical company focusing on development and commercialization of affordable drug therapies Eton Pharmaceuticals is an innovative pharmaceutical company focused on developing, acquiring and commercializing products to address... Read More »
Alfasigma Acquires Intercept Pharmaceuticals
Alfasigma S.p.A announced on September 25 that it acquired Intercept Pharmaceuticals for more than $793.87 million. According to data captured in the LevinPro HC database, this transaction represents the 81st Pharmaceutical acquisition of the year. Intercept Pharmaceuticals is a biopharmaceutical company focused on the development and commercialization of novel therapeutics to treat rare and serious liver diseases, including primary biliary cholangitis and severe alcohol-associated hepatitis. The company announced revenues of $285.71 million for the full year ending on December 31, 2022. One of Intercept’s lead products is Ocaliva®, which is the only FDA-approved... Read More »
Murphy Canyon Acquisition Corp. Merges with Conduit Pharmaceuticals
Murphy Canyon Acquisition Corp. (MURF) announced on September 22 the completion of its previously announced merger with Conduit Pharmaceuticals Inc. for a pro forma enterprise value of approximately $720 million. According to data captured in the LevinPro HC database, this transaction represents the 79th Pharmaceuticals transaction of the year. Conduit is a disease agnostic life science company providing an efficient model for compound development. Conduit acquires assets that are Phase II-ready and then seeks an exit through third-party license deals following successful clinical trials. Led by a team of pharmaceutical executives, it was established to fund the development of... Read More »Schedule a demo
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