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New Deal


Announced

Completed

Otsuka Pharmaceutical and ShapeTX formed a joint venture.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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ocular diseases

Private

Completed

Joint Venture

Biotechnology

Japan

United States

Majority

Cross Border

Friendly

Single Bidder

Synopsis

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Otsuka Pharmaceutical, a healthcare company with a corporate philosophy, and ShapeTX, a programmable medicine company using AI and RNA to end genetic diseases, formed a joint venturet to develop intravitreally-delivered adeno-associated viruses for ocular diseases. Financial terms were not disclosed. “We’ve built our AAVid platform on generative AI approaches akin to those behind Midjourney and DALL-E 2 to tackle industry challenges with gene therapy delivery. By incorporating diffusion models, our platform is designing novel medicines that transcend the boundaries of what is possible experimentally. Our collaboration with Otsuka marks an exciting chapter in our journey as we extend the reach and impact of our technologies to help as many patients as possible,” Francois Vigneault, ShapeTX Co-Founder and CEO.

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