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Takeda samples, then buys Envoy for discovery platform, preclinical CNS pipeline
Takeda samples, then buys
Monday, December 3, 2012
After first making a venture investment in Envoy
Therapeutics Inc. in 2009 and then sampling its wares under a 2010
target discovery deal, Takeda
Pharmaceutical Co. Ltd. has taken the next step and acquired the
biotech for its bacTRAP platform and a preclinical pipeline of CNS
Under the deal, which closed
last month, Takeda is paying up to $140 million in cash, including an
undisclosed upfront payment and preclinical milestones.
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