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Reata's Acquisition Fits Biogen's Strategy Despite High Cost: Analyst Says High Level Regulatory Scrutiny Not Anticipated

Benzinga

Earlier today, Biogen Inc (NASDAQ: BIIB ) agreed to acquire Reata Pharmaceuticals Inc (NASDAQ: RETA ) for $172.50 The analysts say the asset and other pipeline Nrf2 activators fit well within the company's rare neurology franchise. per share in cash, reflecting an enterprise value of approximately $7.3

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Biogen Completes Acquisition of Reata Pharmaceuticals

Benzinga

Reata acquisition bolsters Biogen's rare disease portfolio with the addition of SKYCLARYS ® (omaveloxolone), the first and only FDA approved treatment for Friedreich's ataxia in the U.S. 26, 2023 (GLOBE NEWSWIRE) -- Biogen Inc. NASDAQ: BIIB ) – has completed the acquisition of Reata Pharmaceuticals, Inc.

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Biogen to Acquire Reata Pharmaceuticals

Benzinga

and PLANO, Texas, July 28, 2023 (GLOBE NEWSWIRE) -- Biogen Inc. NASDAQ: BIIB ) and Reata Pharmaceuticals, Inc. NASDAQ: RETA ) today announced the companies have entered into a definitive agreement under which Biogen has agreed to acquire Reata for $172.50 CAMBRIDGE, Mass.