Shionogi Set To Acquire R&D Partner Tetra After Raising Stake

Deal Hinges On Imminent Alzheimer’s Results

Japanese firm sets stage to acquire US bioventure after it raises stake just ahead of key readout for lead asset.

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Shionogi Eyes Alzheimer's Via Possible Tetra Deal • Source: Shutterstock

Japan’s Shionogi & Co. Ltd. has strengthened its existing links with research partner Tetra Therapeutics by increasing its ownership of the US-based venture to up to 50% through a new merger agreement.

This also includes the option right to make Tetra a wholly owned subsidiary if certain closing conditions are met, signalling...

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