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Roche to buy intestinal disease drug from Roivant and Pfizer for more than $7 billion

Roche to buy intestinal disease drug from Roivant and Pfizer for more than $7 billion

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Updated October 23, 2023 at 6:55 a.m. ET

rock Holding has agreed to buy the developer of a treatment for intestinal diseases from Roivant Sciencesa company created by the Republican presidential candidate Vivek RamaswamyAnd Pfizer in a deal worth more than $7 billion.

The Swiss pharmaceutical giant said Monday it would pay $7.1 billion upfront for Telavant Holdings and make a near-term milestone payment of $150 million. Roche said the deal gives it the right to commercialize Telavant’s drug candidate RVT-3101, which has shown promise in treating inflammatory bowel disease and may have potential in other indications, including: United States and Japan.

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