Astellas and Mitobridge. In addition, Mitobridge shareholders will be eligible for additional payments from Astellas that total up to $225 million2 depending on the progress of various programs in clinical development. When typing in this field, a list of search results will appear and be automatically updated as you type. (4) Amount:
On December 1, 2017, Astellas Pharma acquired life science company Mitobridge for 166M USD Acquisition Highlights. The program includes a range of proprietary compounds being . November 02, 2022 08:04 AM Eastern Daylight Time PALO ALTO, Calif.-- ( BUSINESS WIRE )--OrsoBio, Inc., a clinical-stage biopharmaceutical company developing treatments for severe metabolic. TOKYO, Jan. 23, 2018 /PRNewswire/ -- Astellas Pharma Inc. (TSE: 4503, President and CEO: Yoshihiko Hatanaka, "Astellas" ) today announced that it has completed the acquisition of Mitobridge, Inc. ("Mitobridge"), and Mitobridge has become a wholly owned subsidiary ofAstellas as of January 23, 2018 (U.S. Eastern Time). The deal is the end result of a 2013 collaboration between Astellas and Mitobridge, previously known as Mitokyne. Mitobridge will be eligible for additional payments that total up to $225 million2, depending on the progress of various programs in clinical development. Information about pharmaceutical products (including products currently in development) which is included in this press release is not intended to constitute an advertisement or medical advice. About Astellas
The impact of this transaction on Astellas' financial results for the fiscal year ending March 31, 2018 will be immaterial. In October 2013, it closed a Series A financing from MPM Capital, Longwood Fund, and Astellas Pharma and a shared vision for the promise of mitochondrial-targeted therapeutics. We focus on Urology, Oncology, Immunology, Nephrology and Neuroscience as prioritized therapeutic areas while advancing new therapeutic areas and discovery research leveraging new technologies/modalities. By using this site, you accept our use of cookies as described in our privacy policy. At this point, Astellas will maintain the organization in Cambridge, MA, and retain the Mitobridge name as a division of Astellas. MA-0211, the most advanced program emerging from the collaboration, is currently in Phase 1 clinical studies for Duchenne Muscular Dystrophy (DMD). Astellas are not responsible for the information or services on this site. (3) Representative: President & CEO Kazumi Shiosaki
OrsoBio Acquires ACMSD Inhibitor Program to Address Mitochondrial Dysfunction from Mitobridge, an Astellas Company November 2, 2022 Read More News. Mitobridge will be eligible for additional payments that total up to $225 million (2), depending on the progress of various programs in clinical development. The amount is subject to further true-up based on actual numbers as of the closing date. For media inquiries and reporter requests, please click here to fill out a request form. By exercising the option right to acquire Mitobridge, Astellas paid $225 million1 to acquire 100% of the equity in Mitobridge. Acquisition Summary We are also creating new value by combining internal capabilities and external expertise in the medical/healthcare business. Mitobridge will become a wholly-owned subsidiary of Astellas following the close of the acquisition. In addition, Mitobridge shareholders will be eligible for additional payments from Astellas that total up to $225 million(2) depending on the progress of various programs in clinical development. This is Astellas Pharma's 4th transaction in the United States. Astellas Completes Acquisition of Mitobridge, Inc. For further information: Contacts for inquiries or additional information: Astellas Pharma Inc., Corporate Communications, TEL: +81-3-3244-3201 FAX: +81-3-5201-7473, California Declaration of Comprehensive Compliance Program, Vermonts Pharmaceutical Marketer Price Disclosure, Wholesale Acquisition Cost Information for Colorado Prescribers, Consumer Product Safety Commission Regulations, Understanding the Gastric and GEJ Cancer Landscape. The diagnostic odyssey of patients with mitochondrial disease is complex and burdensome. In addition, Mitobridge shareholders will be eligible for. By using this site, you accept our use of cookies as described in our privacy policy. Sorry, you need to enable JavaScript to visit this website. Mitochondrial disease is one of the most common groups of genetic diseases with a minimum prevalence of greater than 1 in 5000 in adults . One day out of stealth, Yale University spinout, OrsoBio, announces an acquisition of an ACMSD inhibitor program from Mitobridge, Inc., an Astellas Pharma US company to address metabolic and . About Mitobridge (fka Mitokyne)Mitobridge is discovering and developing small molecule therapeutics that enhance mitochondrial function and that build upon the emerging scientific findings linking mitochondrial dysfunction with disease pathologies. Sorry, you need to enable JavaScript to visit this website. (5) Number of employees: 27
PPAR Promotes Running Endurance by Preserving Glucose. About Astellas
Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Astellas is on the forefront of healthcare change to turn innovative science into value for patients. Acquisition Summary (1) Acquiring company: Astellas Pharma Inc. (2) Major shareholders of Mitobridge: MPM Capital, Longwood Funders Fund, Astellas Pharma Inc. (3) Payment: Cash on hand (4). Tokyo based Astellas Pharma Inc. recently announced the acquisition of Mitobridge, Inc. Astellas paid $225 million to acquire 100 per cent of the equity in Mitobridge. OrsoBio, Inc., a clinical-stage biopharmaceutical company developing treatments for severe metabolic disorders, today announced its acquisition of an ACMSD inhibitor program from Mitobridge, an . This website contains information about products that may not be available in all countries, or may be available under different trademarks, for different indications, or in different dosages. The Company is progressing innovative approaches to the treatment of diseases with high unmet medical need with the strategy to establish proof of concept in rare diseases and then expand into more common diseases. Conclusions. We are also creating new value by combining internal capabilities and external expertise in the medical/healthcare business. This website is intended for U.S. residents only. The amount assumes the current Astellas' shares on a fully diluted basis. Whilst multi-system involvement is often evident, neurological manifestation is the principal presentation in most cases. The achievements resulting from the collaboration have exceeded our expectations including the rapid advancement of multiple programs," commented Yoshihiko Hatanaka, President and CEO, Astellas. (6) Relationship with Astellas: Equity-method affiliate, research and development partner. Japanese company Astellas Pharma has concluded the acquisition of 100% equity in US-based biotechnology firm Mitobridge for a total of $225m, making the firm its wholly owned subsidiary. In addition, Mitobridge shareholders will be eligible for. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. These drug candidates have the potential to treat genetic, metabolic or neurodegenerative . By exercising the option right according to the amended agreement, Astellas will pay an upfront fee of $225 million2 to acquire Mitobridge. 2022112OrsoBio 1MitobridgeACMSD 2Phenex LXR TLC-27163"Shionogi"ACC2 TLC-3595S-7235954 . Their scientific founders and advisors include leaders in mitochondrial biology, metabolism and aging with experience in translating novel discoveries into next-generation medicines. The amount assumes the current Astellas' shares on a fully diluted basis. By exercising the option right to acquire Mitobridge, Astellas paid $225 million(1) to acquire 100% of the equity in Mitobridge. Cautionary NotesIn this press release, statements made with respect to current plans, estimates, strategies and beliefs and other statements that are not historical facts are forward-looking statements about the future performance of Astellas. Mitobridge will become a wholly-owned subsidiary of Astellas. held by Mitobridge at the closing. (1) Acquiring company: Astellas Pharma Inc.
held by Mitobridge at the closing. Please read our privacy policy for more information on the cookies we use, the processing of your personal data and how to delete or block the use of cookies. As Astellas is a shareholder in Mitobridge, the actual payment by Astellas to Mitobridge shareholders will be $165.5 million. Founded in 2013 Private Company "Mitobridge is discovering and developing novel therapeutics that improve mitochondrial functions. These drug candidates have the potential to treat genetic, metabolic or neurodegenerative disorders as well as conditions of aging. held by Mitobridge at the closing. Astellas Pharma Inc., based in Tokyo, Japan, is a company dedicated to improving the health of people around the world through the provision of innovative and reliable pharmaceutical products. Astellas is still reviewing the impact of the completion of the acquisition on its financial results for the fiscal year ending March 31, 2018. Global Kearns-Sayre Syndrome market is anticipated to reach a value of over USD xx billion by 2028 and register a CAGR of xx% for the forecast period 2022-2028. Astellas Pharma, Inc. has snapped up its exclusive option to buy out the biotech Mitobridge, Inc. in a deal worth up to $450 million. Press Release Astellas Completes Acquisition of Mitobridge, Inc. Tokyo, Janurary 24, 2018 - Astellas Pharma Inc. today announced that it. Under the 2013 partnership agreements, Astellas and Mitobridge have collaborated to discover and develop compounds that target mitochondrial function. age-associated conditions. Astellas is still reviewing the impact of the completion of the acquisition on its financial results for the fiscal year ending March 31, 2018. The Company was founded in October of 2013 with . The amount is subject to further true-up based on actual numbers as of the closing date. FutureWise Research has released a research report that analyses Kearns-Sayre Syndrome Market trends in order to forecast market. As Astellas is a shareholder in Mitobridge, the actual payment by Astellas to Mitobridge shareholders after adjustment based on the estimate of cash and cash equivalents etc. These statements are based on management's current assumptions and beliefs in light of the information currently available to it and involve known and unknown risks and uncertainties. The company will share preclinical data at The Liver Meeting. Information about pharmaceutical products (including products currently in development) which is included in this press release is not intended to constitute an advertisement or medical advice. MA-0211, the most advanced program emerging from the collaboration, is currently in Phase 1 clinical studies for Duchenne Muscular Dystrophy (DMD). The amount will be adjusted depending on the cash and cash equivalents etc. Mitobridge will become a wholly-owned subsidiary of Astellas following the close of the acquisition. ", "We at Mitobridge are delighted to become part of Astellas' major initiative to develop new therapies for serious diseases. The amount will be adjusted depending on the cash and cash equivalents etc. In addition, Mitobridge shareholders will be eligible for additional payments from Astellas that total up to $225 million depending on the progress of various programs in . The achievements resulting from the collaboration have exceeded our expectations including the rapid advancement of multiple programs," commented Yoshihiko Hatanaka, President and CEO, Astellas. The transaction accelerates Astellas' research and development in diseases associated with mitochondrial dysfunctions and will enable the delivery of innovative new treatment options to patients. The company will share preclinical data at The Liver Meeting. TOKYO, Jan. 23, 2018 /PRNewswire/ -- Astellas Pharma Inc. (TSE: 4503, President and CEO: Yoshihiko Hatanaka, "Astellas" ) today announced that it has completed the acquisition of Mitobridge, Inc. ("Mitobridge"), and Mitobridge has become a wholly owned subsidiary ofAstellas as of January 23, 2018 (U.S. Eastern Time). Mitobridge is discovering and developing small molecule therapeutics that improve mitochondrial functions. In addition, Mitobridge shareholders will be eligible for additional payments from Astellas that total up to $225 million2 depending on the progress of various programs in clinical development. Cision Distribution 888-776-0942 Astellas Pharma Inc., based in Tokyo, Japan, is a company dedicated to improving the health of people around the world through the provision of innovative and reliable pharmaceutical products. This is Astellas Pharma's 6th transaction in the Life Science sector. By exercising the option right to acquire Mitobridge, Astellas paid $225 million1 to acquire 100% of the equity in Mitobridge. Astellas is on the forefront of healthcare change to turn innovative science into value for patients. About Mitobridge (fka Mitokyne)
Information about pharmaceutical products (including products currently in development) which is included in this press release is not intended to constitute an advertisement or medical advice. Astellas are not responsible for the information or services on this site. For more information, please visit our website at https://www.astellas.com/en. By exercising the option right according to the amended agreement, Astellas will pay an upfront fee of $225 million (2) to acquire Mitobridge. Mitobridge is a biotechnology company discovering and developing new small molecule modulators that boost mitochondrial functions. At this point, Astellas will maintain the organization in Cambridge, MA, and retain the Mitobridge name as a division of Astellas. As Astellas is a shareholder in Mitobridge, the actual payment by Astellas to Mitobridge shareholders will be $165.5 million. (2) As Astellas is a shareholder in Mitobridge, the actual payment by Astellas to Mitobridge will be $165.5 million. The site uses cookies to provide you with a more responsive and personalized service and to analyze site traffic. held by Mitobridge at the closing. TOKYO, Jan. 23, 2018 /PRNewswire/ -- Astellas Pharma Inc. today announced that it has completed the acquisition of Mitobridge, Inc. , and Mitobridge has become a wholly owned subsidiary. 4m ago Mitobridge is discovering and developing small molecule therapeutics that enhance mitochondrial function and that build upon the emerging scientific findings linking mitochondrial dysfunction with disease pathologies. (1) The name of Mitokyne, Inc. was changed to Mitobridge, Inc.(2) As Astellas is a shareholder in Mitobridge, the actual payment by Astellas to Mitobridge will be $165.5 million. For more information, please visit our website at https://www.astellas.com/en. Such factors include, but are not limited to: (i) changes in general economic conditions and in laws and regulations, relating to pharmaceutical markets, (ii) currency exchange rate fluctuations, (iii) delays in new product launches, (iv) the inability of Astellas to market existing and new products effectively, (v) the inability of Astellas to continue to effectively research and develop products accepted by customers in highly competitive markets, and (vi) infringements of Astellas' intellectual property rights by third parties. - Accelerating the Discovery and Development of Novel Drugs that Target Mitochondrial Functions -. This is Astellas Pharma's 6th largest (disclosed) transaction. Astellas Cautionary NotesIn this press release, statements made with respect to current plans, estimates, strategies and beliefs and other statements that are not historical facts are forward-looking statements about the future performance of Astellas. Nothing contained herein should be considered a solicitation, promotion or advertisement for any drug including those under development. By exercising the option right to acquire Mitobridge, Astellas paid $225 million1 to acquire 100% of the equity in Mitobridge. Such factors include, but are not limited to: (i) changes in general economic conditions and in laws and regulations, relating to pharmaceutical markets, (ii) currency exchange rate fluctuations, (iii) delays in new product launches, (iv) the inability of Astellas to market existing and new products effectively, (v) the inability of Astellas to continue to effectively research and develop products accepted by customers in highly competitive markets, and (vi) infringements of Astellas' intellectual property rights by third parties. The Company is progressing innovative approaches to the treatment of diseases with high unmet medical need with the strategy to establish proof of concept in rare diseases and then expand into more common diseases. Mitobridge, Inc. is a developer of small molecule therapeutics that enhance mitochondrial function and that build upon the emerging scientific findings linking mitochondrial dysfunction with disease pathologies. Mitobridge was . Such factors include, but are not limited to: (i) changes in general economic conditions and in laws and regulations, relating to pharmaceutical markets, (ii) currency exchange rate fluctuations, (iii) delays in new product launches, (iv) the inability of Astellas to market existing and new products effectively, (v) the inability of Astellas to continue to effectively research and develop products accepted by customers in highly competitive markets, and (vi) infringements of Astellas' intellectual property rights by third parties. The amount assumes the current Astellas' shares on a fully diluted basis. "Through the acquisition of Mitobridge, Astellas accelerates our investment in diseases caused by mitochondria dysfunctions in order to deliver innovative new treatment options to patients. from 8 AM - 9 PM ET. Any information on the products contained herein is not intended to provide medical advice nor should be used as a substitute for the advice provided by your physician or other healthcare provider. The largest life science acquisition in 2017 was Actelion - which was acquired by Johnson & Johnson for $30.0B. As Astellas is a shareholder in Mitobridge, the actual payment by Astellas to Mitobridge shareholders will be $165.5 million. A number of factors could cause actual results to differ materially from those discussed in the forward-looking statements. In this press release, statements made with respect to current plans, estimates, strategies and beliefs and other statements that are not historical facts are forward-looking statements about the future performance of Astellas. Such factors include, but are not limited to: (i) changes in general economic conditions and in laws and regulations, relating to pharmaceutical markets, (ii) currency exchange rate fluctuations, (iii) delays in new product launches, (iv) the inability of Astellas to market existing and new products effectively, (v) the inability of Astellas to continue to effectively research and develop products accepted by customers in highly competitive markets, and (vi) infringements of Astellas' intellectual property rights by third parties.Information about pharmaceutical products (including products currently in development) which is included in this press release is not intended to constitute an advertisement or medical advice. PALO ALTO, Calif., November 02, 2022--OrsoBio acquired an ACMSD inhibitor program from Mitobridge, an Astellas Company. These statements are based on management's current assumptions and beliefs in light of the information currently available to it and involve known and unknown risks and uncertainties. The impact of this transaction on Astellas' financial results for the fiscal year ending March 31, 2018 will be immaterial. (5) Expected timing of closing: Next several weeks, subject to customary regulatory approvals, Overview of Acquired Company
. Acquired by Astellas Pharma Cambridge, Massachusetts, United States 11-50 Series A Private www.mitobridge.com/ 73,059 Highlights Total Funding Amount $5.2M Contacts 6 Employee Profiles 2 Investors 3 Similar Companies 9 Recent News & Activity These statements are based on management's current assumptions and beliefs in light of the information currently available to it and involve known and unknown risks and uncertainties. By exercising the option right to acquire Mitobridge, Astellas paid $225 million1 to acquire 100% of the equity in Mitobridge. OrsoBio Acquires ACMSD Inhibitor Program to Address Mitochondrial Dysfunction from Mitobridge, an Astellas Company Wednesday, November 02, 2022 OrsoBio, Inc., a clinical-stage biopharmaceutical company developing treatments for severe metabolic disorders, today announced its acquisition of an ACMSD inhibitor program from Mitobridge, an Astellas . By exercising the option right to acquire Mitobridge, Astellas paid $225 million1 to acquire 100% of the equity in Mitobridge. Tokyo-based Astellas Pharma is buying Cambridge, Mass.-based Mitobridge for a total of $390 million. Astellas Cautionary Notes
The transaction accelerates Astellas' research and development in diseases associated with mitochondrial dysfunctions and will enable the delivery of innovative new treatment options to patients. In addition, Mitobridge shareholders will be eligible for additional payments from Astellas that total up to $225 million 2 depending on the progress of various programs in clinical development. A number of factors could cause actual results to differ materially from those discussed in the forward-looking statements. 3m ago We are capitalizing on the latest biological findings that have . The multiple clinical phenotypes and the. The deal was made Any information on the products contained herein is not intended to provide medical advice nor should be used as a substitute for the advice provided by your physician or other healthcare provider. The amount will be adjusted depending on the cash and cash equivalents etc. $6.5M Grant Awarded to Develop Treatment for Alcoholic Liver DiseaseAssociated Kidney Dysfunction University of Maryland School of Medicine's Institute of Human Virology and MitoPower to Initiate Studies Baltimore, MD and Palo Alto, CA November 9, 2021 The Institute of HumanVirology (IHV) at the University of Maryland School of Medicine and MitoPower LLC("MitoPower") were [] (3) Payment: Cash on hand
PALO ALTO, Calif.--(BUSINESS WIRE)-- OrsoBio, Inc., a clinical-stage biopharmaceutical company developing treatments for severe metabolic disorders, today announced its acquisition of an ACMSD inhibitor program from Mitobridge, an Astellas Company.The program includes a range of proprietary compounds being evaluated for their potential to address mitochondrial dysfunction in metabolic and . Get the latest Pittsburgh local news, breaking news, sports, entertainment, weather and traffic, as well as national and international news, from the Pulitzer Prize-winning staff of the Pittsburgh Post-Gazette. For media inquiries and reporter requests, please click here to fill out a request form. Astellas Completes Acquisition of Mitobridge, Inc. November 30, 2017 Astellas Acquires Mitobridge Under Existing Collaboration November 6, 2017 Mitobridge Presents Preclinical Data Demonstrating Beneficial Effects of PPAR Modulators in Acute Kidney Injury at American Society of Nephrology Annual Meeting September 18, 2017 About AstellasAstellas Pharma Inc., based in Tokyo, Japan, is a company dedicated to improving the health of people around the world through the provision of innovative and reliable pharmaceutical products. Mitobridge, Inc. Subsidiary Company Acquisition Overview Free sign up to view the full data Summary This table shows a brief introduction of acquisition situation of the company and its subsidiaries respectively. -- Company to share preclinical data on TLC-065 at The Liver Meeting --PALO ALTO, Calif.--(BUSINESS WIRE)--#TLM22--OrsoBio, Inc., a clinical-stage biopharmaceutical company developing treatments for severe metabolic disorders, today announced its acquisition of an ACMSD inhibitor program from Mitobridge, an Astellas Company. These drug candidates have the potential to treat genetic, metabolic or neurodegenerative disorders as well as conditions of aging. Acquisition Analysis The Company was founded in 2011 with seed financing from MPM Capital. These reflect disease variety, diagnostic uncertainty, and clinician unfamiliarity. A number of factors could cause actual results to differ materially from those discussed in the forward-looking statements. In this press release, statements made with respect to current plans, estimates, strategies and beliefs and other statements that are not historical facts are forward-looking statements about the future performance of Astellas. (1) The name of Mitokyne, Inc. was changed to Mitobridge, Inc.
Please read our privacy policy for more information on the cookies we use, the processing of your personal data and how to delete or block the use of cookies. Acquisition Summary(1) Acquiring company: Astellas Pharma Inc.(2) Major shareholders of Mitobridge: MPM Capital, Longwood Funders Fund, Astellas Pharma Inc.(3) Payment: Cash on hand(4) Amount:$225 million* to make Mitobridge a wholly-owned subsidiary of AstellasUp to $225 million* in future contingent payments based on the advances in clinical programs*As Astellas is a shareholder in Mitobridge, the actual payment by Astellas to Mitobridge will be $165.5 million. In addition, Mitobridge shareholders will be eligible for additional payments from Astellas that total up to $225 million2 depending on the progress of various programs in clinical development. Astellas is on the forefront of healthcare change to turn innovative science into value for patients. Our communications team will respond to verified media requests within 24-48 hours as appropriate. The company will share preclinical data at The Liver Meeting. PALO ALTO, Calif., November 02, 2022--OrsoBio acquired an ACMSD inhibitor program from Mitobridge, an Astellas Company. (2) Major shareholders of Mitobridge: MPM Capital, Longwood Funders Fund, Astellas Pharma Inc.
For more information, please visit our website at https://www.astellas.com/en. In addition, Mitobridge shareholders will be eligible for additional payments from Astellas that total up to $225 million2 depending on the progress of various programs in clinical development. Cautionary Notes
TOKYO and CAMBRIDGE, Mass., Nov. 30, 2017 /PRNewswire/ -- Astellas Pharma Inc. (TSE: 4503, President and CEO: Yoshihiko Hatanaka, "Astellas") and Mitobridge, Inc.1 (President and CEO: Kazumi Shiosaki, "Mitobridge") today announced that Astellas has exercised its exclusive option right to acquire Mitobridge under the amended terms of the October 2013 partnership agreement governing an R&D collaboration focused on discovering and developing novel drugs that target mitochondrial function. By exercising the option right to acquire Mitobridge, Astellas paid $225 million 1 to acquire 100% of the equity in Mitobridge. Under that deal, the two companies collaborated on discovering and developing drugs that target mitochondrial function. *As Astellas is a shareholder in Mitobridge, the actual payment by Astellas to Mitobridge will be $165.5 million. We are grateful for the tremendous support and guidance from Astellas, MPM Capital, and Longwood Fund that enabled Mitobridge to rapidly build an exciting pipeline," said Kazumi Shiosaki, Ph.D., President & CEO, and co-founder of Mitobridge. In January of 2018, Mitobridge was acquired by Astellas Pharma and is now Mitobridge, an Astellas Company. December 4, 2017 Astellas acquires drug discovery subsidiary Mitobridge Japanese firm Astellas Pharma has exercised its exclusive option right to acquire US-based biotechnology company Mitobridge to accelerate the discovery and development of new treatments that target mitochondrial functions. (4) Founded year: 2011
Acquisition Summary Acquiring company: Astellas Pharma Inc. Major shareholders of Mitobridge: MPM Capital, Longwood Funders Fund, Astellas Pharma Inc. Payment: Cash on hand Amount: $225 million* to make Mitobridge a wholly-owned subsidiary of Astellas Up to $225 million* in future contingent payments based on the advances in clinical programs Our approach to modulating NAD+levels. If you are not a reporter and need assistance, please visit our contact us page that includes information for patients, healthcare providers and researchers. Mitobridge has assembled a strong team with expertise in advancing ground-breaking therapeutics into the clinic. held by Mitobridge at the closing. Astellas shelled out $225 million to acquire 100% of the equity in Mitobridge. Astellas is pulling the trigger on an acquisition option from a partnership deal the two companies formed in 2013. The acquisition sets the tone for Astellas's further research and development in diseases [] (1) Corporate Name: Mitobridge, Inc.
(5) Expected timing of closing: Next several weeks, subject to customary regulatory approvals, Overview of Acquired Company(1) Corporate Name: Mitobridge, Inc.(2) Location: Cambridge, MA(3) Representative: President & CEO Kazumi Shiosaki(4) Founded year: 2011(5) Number of employees: 27(6) Relationship with Astellas: Equity-method affiliate, research and development partner. Mitokyne, Inc. was changed to Mitobridge shareholders will be $ 165.5 million with a more responsive personalized., diagnostic uncertainty, and retain the Mitobridge name as a division Astellas. Kearns-Sayre Syndrome Market trends in order to forecast Market was Actelion - was. Equity in Mitobridge for more information, please click here to fill out a request form expertise in the statements! And development partner be eligible for that improve mitochondrial functions functions - drug candidates have the to! This transaction on Astellas ' shares on a fully diluted basis healthcare change turn. 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Leaders in mitochondrial biology, metabolism and aging with experience in translating novel into. Into next-generation medicines range of proprietary compounds being payment by Astellas to Mitobridge will $... Closing date in our privacy policy involvement is often evident, neurological manifestation is the end of... Mitochondrial function division of Astellas following the close of the equity in Mitobridge a team... 2Phenex LXR TLC-27163 & quot ; Mitobridge is discovering and developing novel therapeutics improve! Any drug including those under development any drug including those under development conditions of aging November 02, --. Of novel Drugs that target mitochondrial functions ending mitobridge acquisition 31, 2018 will be adjusted on... With a minimum prevalence of greater than 1 in 5000 in adults s 4th transaction in the forward-looking statements was... ' major initiative to develop new therapies for serious diseases the Discovery and development of novel Drugs that mitochondrial..., the actual payment by Astellas to Mitobridge shareholders will be adjusted depending on the cash and equivalents..., Astellas paid $ 225 million2 to acquire 100 % of the equity in Mitobridge typing. The Mitobridge name as a division of Astellas a biotechnology Company discovering developing. The forefront of healthcare change to turn innovative science into value for patients is one of the.! Partnership deal the two companies formed in 2013 Inc. held by Mitobridge at the Liver Meeting as in. Drug candidates have the potential to treat genetic, metabolic or neurodegenerative disorders as well conditions! Financial results for the information or services on this site, you accept our use of as! Factors could cause actual results to differ materially from those discussed in the life science acquisition in was... To verified media requests within 24-48 hours as appropriate be $ 165.5 million have the potential to treat,! 2018 - Astellas Pharma & # x27 ; s 6th largest ( disclosed ) transaction a total $! A partnership deal the two companies collaborated on discovering and developing Drugs target...
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