✉news BusinessStartups first seen 15 h ago, last 7 min ago, peak #3
Shionogi to buy rare disease startup for $2 billion
Original: Shionogi pays $2B to acquire a rare disease startup
Japanese drugmaker Shionogi has agreed to acquire a rare disease startup in a deal worth around $2 billion, according to BioPharma Dive. The move signals Shionogi's push to expand beyond its core infectious disease franchise into rare disease treatments, a growing area of interest for large pharmaceutical companies seeking new growth drivers and specialized pipelines.
Why now: Pharma dealmaking in rare disease remains a hot topic as large drugmakers buy up innovative biotech pipelines.
Evidence
- Shionogi pays $2B to acquire a rare disease startup · BioPharma Dive
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