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Mergers & Acquisitions

Innoviva to acquire antibiotic firm Entasis

by Gina Vitale
May 26, 2022 | A version of this story appeared in Volume 100, Issue 19
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The holding company Innoviva has agreed to buy Entasis Therapeutics in a deal that values the antibiotic developer at $113 million. Innoviva already owns about 60% of Entasis’s stock. Entasis is a 2015 spin-off from AstraZeneca that has a pipeline of drug candidates for multidrug-resistant gram-negative bacteria. It plans to submit a new drug application for its lead drug, sulbactam-durlobactam, later this year.

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