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Takeda pays up to $140mm for Envoy Therapeutics

Executive Summary

Takeda Pharmaceutical Co. Ltd. and its Takeda America Holdings Inc. unit have agreed to pay up to $140mm to acquire privately held drug developer Envoy Therapeutics Inc. The deal value consists of an undisclosed up-front cash payment and progress-dependent earn-outs for preclinical projects. (Strategic Transactions will assume 25% of the $140mm is up front--$35mm--and the rest in earn-outs.)
Deal Industry
  • Pharmaceuticals
  • Biotechnology
    • Large Molecule
    • Drug Discovery Tools
      • Genomics-Proteomics
Deal Status
  • Final
Deal Type
  • Acquisition
    • Acquisition of Private Biotech
    • Includes Earnout
    • Partial Acquisition
    • Payment Includes Cash

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