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Astellas Completes Acquisition Of Propella Therapeutics

PRIVATEDec 21, 2023

Acquiring Company

Astellas

Acquired Company

Propella Therapeutics, Inc.

PittsboroBiotechnologyHealth CareMedicalPharmaceuticalPharmaceutical ManufacturingPharmaceutical Manufacturing

Description

Astellas Pharma Inc. (TSE: 4503, President and CEO: Naoki Okamura, "Astellas") announced today that it has completed the acquisition of Propella Therapeutics, Inc. (President and CEO: William Moore, "Propella"), and has become a wholly owned subsidiary of Astellas as of U.S. Eastern Time December 21, 2023.

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Company Information

Company

Astellas

About

Astellas Pharma US, Inc. is an affiliate of Tokyo-based Astellas Pharma Inc., a top 20 global pharmaceutical research company. Astellas is committed to turning innovative science into medical solutions that bring value and hope to patients and their families. Keeping our focus on addressing unmet medical needs and conducting our business with ethics and integrity enables us to improve the health of people throughout the Americas and around the world.

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Frequently asked

Who acquired Propella Therapeutics, Inc.?

Propella Therapeutics, Inc. was acquired by Astellas. The deal was reported on December 21, 2023. Astellas Pharma US, Inc. is an affiliate of Tokyo-based Astellas Pharma Inc., a top 20 global pharmaceutical research company. Astellas is privately held and operates in Biotechnology.

When did Astellas acquire Propella Therapeutics, Inc.?

Astellas's acquisition of Propella Therapeutics, Inc. was reported on December 21, 2023. Astellas Pharma Inc. (TSE: 4503, President and CEO: Naoki Okamura, "Astellas") announced today that it has completed the acquisition of Propella Therapeutics, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Propella Therapeutics, Inc. do?

We are a privately held development-stage company dedicated to bringing to market best-in-class drugs that utilize an active ingredient with a known mechanism of action. It is privately held, operating in Pharmaceutical Manufacturing, and is based in Pittsboro.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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