M&A Deal Summary

Otsuka Acquires iBio - Preclinical PD-1 Agonist Antibody Program

On February 25, 2024, Otsuka acquired life science company iBio - Preclinical PD-1 Agonist Antibody Program from iBio for 53M USD

Acquisition Highlights
  • This is Otsuka’s 4th transaction in the Life Science sector.
  • This is Otsuka’s 7th largest (disclosed) transaction.
  • This is Otsuka’s 6th transaction in the United States.
  • This is Otsuka’s 1st transaction in Texas.

M&A Deal Summary

Date 2024-02-25
Target iBio - Preclinical PD-1 Agonist Antibody Program
Sector Life Science
Buyer(s) Otsuka
Sellers(s) iBio
Deal Type Divestiture
Deal Value 53M USD

Target

iBio - Preclinical PD-1 Agonist Antibody Program

Bryan, Texas, United States
iBio - Preclinical PD-1 Agonist Antibody Program is a pivotal checkpoint in the immune system, acting as a type of off switch that helps keep the cells from attacking other cells in the body. iBio's Preclinical PD-1 Agonist Antibody Program is based in Bryan, Texas.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Otsuka

Tokyo, Japan

Category Company
Founded 1921
Sector Healthcare Services
Employees35,338
Revenue 2.33T JPY (2024)
DESCRIPTION

Otsuka engages in pharmaceuticals, nutraceuticals, consumer products, and other businesses worldwide. Otsuka was founded in 1921 and is based in Tokyo, Japan.


DEAL STATS #
Overall 8 of 9
Sector: Life Science M&A 4 of 5
Type: Divestiture M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 6 of 7
Year: 2024 M&A 1 of 2
Size (of disclosed) 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-11 Visterra

Waltham, Massachusetts, United States

Visterra, Inc. is a clinical stage biotechnology company committed to developing innovative antibody-based therapies for the treatment of patients with kidney diseases and other hard-to-treat diseases. Visterra is based in Waltham, Massachusetts.

Buy $430M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-01 Jnana Therapeutics

Boston, Massachusetts, United States

Jnana Therapeutics is developing drugs against a broad family of metabolite transport proteins to treat high unmet needs in auto-immune, immuno-metabolism, and other diseases. Jnana Therapeutics was founded in 2017 and is based in Boston, Massachuserrs.

Buy $800M

Seller(S) 1

SELLER

iBio

San Diego, California, United States

Category Company
Founded 2008
Sector Life Science
Employees16
Revenue 2M USD (2022)
DESCRIPTION

iBio develops next-generation biopharmaceuticals using computational biology and 3D-modeling of hard-to-target subdominant epitopes along with its sustainable, plant-based protein expression capabilities for cGMP manufacturing. iBio was founded in 2008 and is based in San Diego, California.


DEAL STATS #
Overall 1 of 1
Sector: Life Science M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2024 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-21 RubrYc

San Carlos, California, United States

RubrYc is a biotechnology company that integrates chemistry and computation to discover and develop antibody-based drugs with unprecedented epitope selectivity. RubrYc was founded in 2017 and is based in San Carlos, California.

Buy -