Astellas swoops in on a mid-stage drug for hot flashes in $860M biotech buyout deal

Three months after the Belgian biotech Ogeda reported solidly positive data from a Phase IIa study of its experimental, non-hormonal therapy for hot flashes related to menopause, the company is being bought out with a hefty cash payment of €500 million along with a commitment for €300 million more in milestones (or about $860 million … Continue reading Astellas swoops in on a mid-stage drug for hot flashes in $860M biotech buyout deal