Roche Buys Pfizer & Roivant Sciences' Televant In ~$7.1B Deal - Roche Holding (OTC:RHHBY)
Roche Holding AG (OTC: RHHBY) inked a deal to acquire
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Roche Holding AG (OTC: RHHBY) inked a deal to acquire
MARKET WRAPS Stocks: European stocks were weaker again on Monday following some disappointing corporate news and as Israel ramped up its bombing of targets in Gaza. Philips said it... -October 23, 2023 at 06:00 am EDT - MarketScreener
By Adria Calatayud Roche Holding has agreed to buy Telavant Holdings from Roivant Sciences and Pfizer in a deal worth up to $7.25 billion as the Swiss...
For a whopping $7.1 billion up front, Roche AG is buying Telavant Holdings Inc., a firm that is owned by Roivant Sciences Ltd. and Pfizer Inc. The deal also includes $150 million on the back end, and Roche gains rights to develop, manufacture and commercialize a fully human monoclonal antibody targeting tumor necrosis factor-like ligand 1A, RVT-3101, for treating inflammatory bowel disease (IBD) and possibly other diseases in the U.S. and Japan. Pfizer retains the rights for the rest of the world.
Roivant, the drug developer founded by Republican Presidential candidate Vivek Ramaswamy, has sold the rights to its bowel disease treatment for $7.1 billion.