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Mergers & Acquisitions

Roche buys Telavant and its IBD drug for $7.1 billion

by Laura Howes
October 30, 2023 | A version of this story appeared in Volume 101, Issue 36

 

The Swiss pharma giant Roche will buy Telavant Holdings from Roivant Sciences and Pfizer for $7.1 billion. The target of the acquisition is RVT-3101, an anti-TL1A antibody therapy for treating irritable bowl disease. Roivant bought RVT-3101 from Pfizer late last year, before Phase 2 results were published. When the deal closes, Pfizer will retain commercialization rights in most of the world; Roche will gain rights for the US and Japan.

CORRECTION:

This story was updated on Nov. 1, 2023, to correct the description of Roche. The company is Swiss, not French.

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