Otsuka Pharmaceutical Acquires Mindset Pharma

August 31, 2023

Otsuka Pharmaceutical Co., Ltd., through its wholly owned U.S. subsidiary Otsuka America, Inc., agreed to acquire Mindset Pharma Inc. in an all-cash statutory plan of arrangement valued at approximately CAD 80 million. The acquisition adds Mindset’s next-generation psychedelic and non-psychedelic drug discovery assets and synthesis capabilities to Otsuka’s psychiatry and neurology pipeline.

Buyers
Otsuka Pharmaceutical Co., Ltd., Otsuka America, Inc.
Targets
Mindset Pharma Inc.
Industry
Biotechnology
Location
Ontario, Canada
Transaction Type
Buyout

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