Astellas Completes Acquisition of Ogeda SA

Astellas Pharma President and CEO, Yoshihiko Hatanaka announced that they have completed the acquisition of Ogeda SA (Ogeda) and now it has become a wholly owned subsidiary of Astellas as of CET May 17, 2017.

Under the share purchase agreement executed between Astellas and Ogeda shareholders, Astellas paid EUR 500 million to acquire 100% of the equity in Ogeda. In addition, Ogeda shareholders will become eligible to receive up to EUR 300 million in further contingent payments based on progress in the development of fezolinetant, Ogeda’s most advanced clinical program for the treatment of menopausal-related vasomotor symptoms.

This transaction expands Astellas’ late stage pipeline and is expected to contribute to its mid-to-long term growth.