Japan’s Mitsubishi Tanabe Pharma Corp has agreed to acquire Israeli drug maker Neuroderm for $1.1 billion in cash as part of a strategy to grow its business in the United States.
Reason for this acquisition:
1. This acquisition will help Japan’s Mitsubishi Tanabe Pharma Corp to stregthen its business in the United States.
2. Mitsubishi Tanabe Pharma Corp will be able to get access of Neuroderm’s Parkinson’s disease drug that is in advanced clinical trials in the United States and Europe and is expected to go on sale in the 2019 financial year.
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