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Pharmaceuticals
Biogen to buy Reata for $7.3 billion
by Rick Mullin
August 10, 2023
| A version of this story appeared in
Volume 101, Issue 26
Biogen is acquiring Texas-based Reata Pharmaceuticals, a specialist in therapies that regulate cellular metabolism and inflammation in neurologic disease, for $7.3 billion. Reata’s Skyclarys, recently approved by the US Food and Drug Administration, is the first treatment for Friedreich’s ataxia, an inherited disease that causes progressive damage to the nervous system. Biogen CEO Christopher Viehbacher says in an announcement that Skyclarys complements Biogen’s portfolio of treatments for neuromuscular and rare diseases.
Chemical & Engineering News
ISSN 0009-2347
Copyright © 2024 American Chemical Society
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