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Otsuka Agrees to Acquire Jnana Therapeutics

Expands its specialty and autoimmune portfolios and drug discovery technologies.

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By: Charlie Sternberg

Associate Editor

Otsuka Pharmaceutical Co., Ltd. and Jnana Therapeutics Inc. have entered into a definitive merger agreement pursuant to which Otsuka will acquire Jnana, making it a wholly owned subsidiary through Otsuka’s 100-percent owned subsidiary, Otsuka America, Inc. (OAI).   Based on the terms of the agreement, Otsuka will pay $800 million to the shareholders of Jnana upon completion of the acquisition, as well as up to an additional $325 million in development and regulatory milestones.   Upon comple...

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