Otsuka Bolsters Pipeline with Acquisition of Antibody Developer Visterra
Michelle Liu
Abstract
Looking to focus its efforts in proprietary drug discovery and development platforms, Otsuka Pharmaceutical has acquired the biotech firm, Visterra, to venture into the antibody space for an all-cash transaction of US$430 M. The deal is expected to close in the third quarter. This is the second acquisition by Otsuka in the space of a week - the first was the acquisition of ReCor Medical, giving Otsuka access to the renal denervation market for an undisclosed sum.
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