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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