Roche Agrees to $7.1 Billion Deal for Telavant to Boost Pipeline

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Roche Agrees to $7.1 Billion Deal for Telavant to Boost Pipeline
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(Bloomberg) -- Roche Holding AG said it will pay $7.1 billion to acquire Telavant Holdings, Inc. in a bid to shore up its pipeline of experimental...

-- Roche Holding AG said it will pay $7.1 billion to acquire Telavant Holdings, Inc. in a bid to shore up its pipeline of experimental medicines.The Swiss pharmaceutical company will gain rights in the US and Japan to develop and market RVT-3101, a promising new therapy for treating inflammatory bowel disease that’s currently undergoing clinical trials. Roche will also provide a near-term milestone payment of $150 million.

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