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Japan’s Asahi Kasei in $1.1 Billion Deal to Acquire Calliditas

publication date: May 29, 2024

Asahi Kasei, a Japanese conglomerate known mainly for its chemicals and building materials, made a $1.1 billion offer to buy Calliditas Therapeutics of Sweden. Calliditas is a company focused on rare diseases with one FDA approved drug, Tarpeyo (a delayed-release formulation of the steroid budesonide budesonide) for primary immunoglobulin A nephropathy (IgAN). IgAN is a chronic kidney disease caused by the buildup of antibodies. Asahi Kasei has a medical subsidiary that provides filters for dialysis machines and other conditions. The company wants to have a larger presence in healthcare and plans to expand into the areas of immunology and transplantation. More details....

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