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No 'bacTRAPing' for Takeda: Pharma Snags Envoy for $140M

By Marie Powers
Staff Writer

Tuesday, November 6, 2012

Three years after its initial investment and two years after inking a research collaboration to discover drugs for schizophrenia, Takeda Pharmaceutical Co. Ltd. found Envoy Therapeutics Inc. irresistible, snagging the privately held company for up to $140 million in cash, including an undisclosed up-front payment and progress-dependent, preclinical milestone payments.

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