Takeda partners to launch new company Phathom Pharma
Still in pursuit of more collaborations, Japan’s leading drugmaker Takeda (TYO: 4502) has entered into a collaboration with Frazier Healthcare Partners to launch Phathom Pharmaceuticals, a biopharmaceutical company focused on the development and commercialization of novel treatments for gastrointestinal (GI) diseases and disorders.
Takeda has granted a license to Phathom for the development and exclusive commercialization rights to vonoprazan in the USA, Europe and Canada in exchange for upfront cash and equity, as well as future cash milestones and royalties on net sales. In connection with the license, Phathom has completed a $90 million crossover financing and $50 million debt facility.
Retains rights in Japan and other Asia Pacific markets
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