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Home » Otsuka to buy Boston chemoproteomics biotech for up to $1.1B
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Otsuka to buy Boston chemoproteomics biotech for up to $1.1B

Aug. 6, 2024
By Marian (YoonJee) Chu
Tokyo-headquartered Otsuka Pharmaceutical Co. Ltd. said Aug. 1 that it will acquire Boston-based Jnana Therapeutics Inc. through a potential $1.125 billion M&A deal. Under the terms, Otsuka will work to close the transaction by the third quarter of 2024, with $800 million paid out to Jnana shareholders, along with up to $325 million in additional development and regulatory milestones payments.
BioWorld Asia Deals and M&A Cancer Endocrine/metabolic Immune Small molecule Asia-Pacific U.S.

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