TOKYO: Astellas Pharma Inc. agreed to buy Audentes Therapeutics Inc. for about $3 billion, the latest deal by a pharmaceutical company eager to push into promising gene-therapy technologies.
The Japanese drugmaker will pay $60 a share for San Francisco-based Audentes, according to a statement from the companies Tuesday, a 110% premium to Audentes’s closing price on Monday. The deal is expected to close in the first quarter of 2020.
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