Takeda completes Ariad Pharmaceutical acquisition following NY law firm investigation — 3 GI companies making waves

Gastroenterology-focused companies made headlines this past week for closing on deals and selling assets totaling billions.

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Here are three GI companies that made headlines this week:

San Francisco-based Versant Ventures launched Jecure Therapeutics on Feb. 15, 2017. Jecure is a biotech company with a proprietary liver disease platform. To date, it has developed treatment programs for non-alcoholic steatohepatitis and fibrosis.

Japan-based Takeda acquired Cambridge, Mass.-based Ariad Pharmaceuticals for $24 per share. New York City-based law firm Faruqi & Faruqi previously investigated whether Ariad properly executed fair sale practices.

Laval, Canada-based Valeant’s move to sell $2.1 billion in assets in January 2017 positively impacted its debt pathway. Valeant can cover its August 2018 bond when it matures.

More articles on gastroenterology:
GI leader to know: Dr. Shahab Aftahi of Estrella Gastroenterology
Versant Ventures launches Jecure Therapeutics: 4 key notes
Study associates Barrett’s esophagus with early-stage GI cancers: 3 study insights

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