Shionogi Inc. to Acquire IntraBio Inc.

October 5, 2026

Shionogi Inc., a U.S. subsidiary of Shionogi & Co., Ltd., signed an agreement to acquire all outstanding shares of IntraBio Inc. for $2.0 billion, making IntraBio a wholly owned subsidiary. The acquisition would add the approved rare-disease therapy AQNEURSA and IntraBio’s rare-disease expertise and pipeline to Shionogi’s portfolio; closing is subject to customary conditions and was planned for November–December 2026.

Buyers
Shionogi Inc.
Targets
IntraBio Inc.
Sellers
Existing IntraBio shareholders (individuals, trusts, and corporate entities; identities not disclosed)
Industry
Biotechnology
Location
Texas, United States
Transaction Type
Buyout

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