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Mergers & Acquisitions

After acquiring Entasis, Innoviva to snap up La Jolla

by Shi En Kim
July 14, 2022 | A version of this story appeared in Volume 100, Issue 25
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The holding company Innoviva will purchase La Jolla Pharmaceutical for about $149 million. The deal includes two US Food and Drug Administration–approved products: the vasoconstrictor Giapreza and the antibacterial Xerava, both of which are FDA approved. Innoviva has also completed the acquisition of Entasis Therapeutics, which specializes in developing treatments for multidrug-resistant, gram-negative bacteria. Innoviva says its long-term strategy is to amass a portfolio of drugs for infectious disease.

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