AZ, Heptares In Possible $500m+ Oncology Deal
This article was originally published in Scrip
Japan-headquartered Sosei Group's $400m acquisition of Heptares Therapeutics could prove to be a money spinner as the biotech unit has signed an immuno-oncology focused partnership with pharma major AstraZeneca plc, potentially worth $500m.
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Japanese company Sosei conducted a master stroke last year when it acquired UK biotechnology company Heptares as its in-house R&D engine. Deal after quality deal has ensued, and Sosei's share price has rocketed by more than 400%. Scrip's Sukaina Virji spoke to Sosei's COO – and CEO-elect – Peter Bains to find out what happens next.