Asahi Kasei to buy Veloxis for $1.3 billion
Japanese drugmaker Asahi Kasei Pharma (TYO: 3407) has agreed to buy Denmark-headquartered company Veloxis Pharmaceuticals (CPH: VELO).
The acquisition, which has been approved by the boards of both companies, is valued at $1.3 billion and is part of Asahi Kasei’s drive to become a global health care company.
Veloxis is a spin-out from the Danish drugmaker Lundbeck (LUND: CO) with an office in the USA. Its lead product is Envarsus XR (tacrolimus), a once-daily immunosuppressive drug to help prevent organ rejection in people who have had a kidney transplant.
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