Japan's Otsuka Pharma to acquire US-based Jnana Therapeutics for up to $1.1b

Japan's Otsuka Pharma to acquire US-based Jnana Therapeutics for up to $1.1b

Photographer: Tomohiro Ohsumi/Bloomberg

Japan’s Otsuka Pharmaceutical said on Thursday it agreed to pay more than $1 billion to acquire Jnana Therapeutics as it looks to expand its drug pipeline and research base in the Boston area.