Singapore, March 20 -- Japan-based Taiho Pharmaceutical and Araris Biotech AG, a Swiss biotechnology company developing next-generation antibody drug conjugates (ADCs), have entered into a definitive agreement pursuant to which Taiho Pharmaceutical will fully acquire Araris. Following necessary procedures, the acquisition is expected to be completed in the first half of 2025.

Under the terms of the agreement, Taiho Pharmaceutical will pay $400 million at closing, with the potential for additional milestone payments of up to $740 million.

Araris is a spin-off company of the Paul-Scherrer-Institute in Switzerland and pioneering the development of best-in-class ADCs with superior design, high linker solubility and simple manufacturing that...