Astellas Flashes Cash For Ogeda's Women's Health Drug

 
• By Lucie Ellis-Taitt
  
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Astellas is spending €500m up front to acquire Belgium-based biotech Ogeda for its pipeline of women's health products, including Phase II drug candidate fezolinetant, a non-hormonal treatment for menopausal hot flashes that could be on the market within five years.

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Astellas pays €500m upfront to acquire Ogeda for its Phase II hot flash treatment

The founders and investors of the privately owned Belgian biotech Ogeda SA will be flush with up to €800m following the sale of the company to Astellas Pharma Inc., one of the first pharma companies to express an interest in the biotech during its earlier development stage. However, the Belgian firm is only likely to retain operations for around a year in its home country post-acquisition.

The Japanese company is paying €500m upfront for Ogeda – which used to be a pharma services business (known as...

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