Takeda boosts oncology pipeline with acquisition

21 December 2011

Japan’s largest drugmaker Takeda Pharmaceutical (TYO: 4502), via a US subsidiary, has entered into an agreement to acquire privately-held US firm Intellikine, which is focused on the discovery and development of innovative, small-molecule drugs for cancer and other diseases.

Under the accord, Takeda America Holdings will acquire Intellikine for $190 million in cash up front and up to $120 million in additional potential clinical development milestone payments. Takeda expects the transaction will be finalized in January 2012.

Founded in September 2007, Intellikine has raised $41 million from a group of leading investors, including Sofinnova Ventures, CMEA Capital, Novartis Venture Funds, Abingworth, US Venture Partners, Fintech Global Capital and Biogen Idec.

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