Otsuka Holdings Co (JP:4578) has released an update.
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Otsuka Holdings Co., Ltd. will acquire Jnana Therapeutics Inc., integrating Jnana’s innovative RAPID drug discovery platform and its promising PKU treatment, JNT-517, into Otsuka’s pharmaceutical portfolio. The merger, valued at $800 million with an additional $325 million in potential milestones, is set to reinforce Otsuka’s R&D capabilities, particularly in the specialty and autoimmune sectors. This strategic move aims to bolster Otsuka’s presence in global markets and advance transformative therapies for patients with unmet medical needs.
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