Content about LigoCyte Pharmaceuticals

October 5, 2012

Drug maker Takeda announced that its wholly owned U.S. subsidiary has entered a definitive agreement to acquire LigoCyte Pharmaceuticals, a private clinical-stage biopharmaceutical company focused on developing novel vaccines for gastrointestinal and respiratory indications.

OSAKA, Japan — Drug maker Takeda announced that its wholly owned U.S. subsidiary has entered a definitive agreement to acquire LigoCyte Pharmaceuticals, a private clinical-stage biopharmaceutical company focused on developing novel vaccines for gastrointestinal and respiratory indications.

As part of the deal, Takeda will provide LigoCyte with an upfront payment of $60 million, with future contingent consideration, based on the progress of development projects. LigoCyte's lead product, a vaccine to prevent norovirus gastroenteritis, is in phase-1/2 of clinical development.