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November 15, 2018

Waltham biotech Visterra acquired by Japan's Otsuka for $430M

Waltham-based infectious disease biotech Visterra has agreed to be acquired by Japanese drugmaker Otsuka Pharmaceutical Co. Ltd. for $430 million.

Under the deal announced on Wednesday, Visterra will become a subsidiary of Otsuka’s U.S. holding company, and will retain its staff and location in Waltham. The transaction is expected to close in the third quarter of this year.

A spokesperson said that the company now has about 50 employees.

Tokyo-based Otsuka, by contrast, has 46,000 employees globally,…

Source: Boston Biz

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