Incyte Acquires Escient Pharmaceuticals
April 23, 2024
Incyte has agreed to acquire Escient Pharmaceuticals for $750 million plus Escient's net cash, adding two first‑in‑class oral MRGPR antagonists (EP262 and EP547) to its inflammation and autoimmunity portfolio. The acquisition, subject to customary closing conditions and HSR clearance, expands Incyte's pipeline in dermatology, chronic urticaria and pruritus with expected closing in 3Q 2024.
- Buyers
- Incyte
- Targets
- Escient Pharmaceuticals
- Industry
- Biotechnology
- Location
- California, United States
- Transaction Type
- Buyout
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