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Otsuka’s $700 Million Upfront Deal for Transcend Signals Continued Bet on Next-Generation Neuropsychiatric Drugs
Otsuka is acquiring private biotech Transcend Therapeutics in a deal worth roughly $1.2 billion, extending big pharma’s interest in neuropsychiatric medicines modeled on the therapeutic promise associated with psychedel
Key Takeaways
- Otsuka will pay $700 million upfront to acquire Transcend Therapeutics.
- The transaction is worth roughly $1.2 billion in total.
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DT Editorial Team··via endpoints.news