More consolidation in Oncology:
Deciphera Pharmaceuticals to Be Acquired by ONO Pharmaceutical in $2.4 Billion Deal
MT Newswires 07:29AM ET, 04/29/2024
07:29 AM EDT, 04/29/2024 (MT
Newswires) -- Deciphera
Pharmaceuticals (DCPH) said Monday it has entered into a definitive merger agreement with ONO Pharmaceutical, where ONO will acquire all outstanding shares of Deciphera common stock for $25.60 per share in cash, resulting in a total equity value of $2.4 billion.
Deciphera Pharmaceuticals, Inc., a biopharmaceutical company, develops drugs to enhance the lives of cancer patients by addressing key mechanisms of drug resistance that limit the rate and durability of response to existing cancer therapies in the United States and internationally. Its lead drug candidate is QINLOCK used for the treatment of gastrointestinal stromal tumors (GIST), as well as in INTRIGUE Phase 3 study to treat second-line GIST. The company is also developing vimseltinib, an orally administered, potent, and highly selective switch-control kinase inhibitor of colony stimulating factor 1 receptor (CSF1R) for the treatment of tenosynovial giant cell tumor (TGCT); and DCC-3116 to treat RAS/RAF mutant cancers that is in the preclinical-stage.
