ONO Pharmaceutical Reports Acquisition of Deciphera Pharmaceuticals for $2.4B
Shots:
- ONO has signed a definitive merger agreement with Deciphera to enhance its oncology portfolio and expand its presence across the US & the EU, strengthening kinase drug discovery research
- Under the agreement, ONO will acquire Deciphera’s outstanding shares for $25.60 per unit in cash followed by merging Deciphera with its subsidiary, totaling $2.4B in equity value. The transaction will conclude in Q3’24
- The acquisition will further add Qinlock (switch-control inhibitor) to treat 4L gastrointestinal stromal tumor (approved in the US & 40 other regions), its drug candidates incl. vimseltinib & DCC-3116 (an ULK inhibitor) along with additional oncology candidates to ONO’s portfolio
Ref: Deciphera | Image: ONO Pharmaceutical
PharmaShots! Your go-to media platform for customized news ranging for multiple indications. For more information connect with us at connect@pharmashots.com
Click here to read the full press release
Tags
Disha is a content writer at PharmaShots. She is passionate and curious about recent updates and developments in MedTech and Pharma industry. She covers news related to clinical trial results and updates. She can be contacted at connect@pharmashots.com.
