Chugai Pharmaceutical to Acquire Renalys Pharma

October 24, 2025

Chugai Pharmaceutical Co., Ltd. will acquire Renalys Pharma, Inc. through a definitive stock purchase agreement. The transaction includes an upfront payment of JPY 15.0 billion and potential earn-outs of up to JPY 16.0 billion tied to regulatory and sales milestones for sparsentan in Japan, South Korea, and Taiwan.

Buyers
Chugai Pharmaceutical Co., Ltd.
Targets
Renalys Pharma, Inc.
Industry
Biotechnology
Location
Japan
Transaction Type
Buyout

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