Investing
Japan’s Ajinomoto to buy US-based Forge Biologics for $546 million
© Reuters. Ajinomoto Co. displays the company’s leading product ‘Ajinomoto Monosodium Glutamate Seasoning’ at AJINOMOTO Umami Science Square in Kawasaki, Japan March 18, 2019. REUTERS/Yoshiyasu Shida/File Photo
TOKYO (Reuters) -Japan’s Ajinomoto said on Monday it agreed to acquire U.S.-based genetic medicines maker Forge Biologics Holdings for 82.8 billion yen ($546 million).
The transaction is expected to be completed in December 2023 pending regulatory approvals, Ajinomoto said a release.
Ajinomoto, whose primary business is in seasonings and processed foods, has a healthcare segment that focuses on drugs derived from amino acids.
Forge, based in the U.S. state of Ohio, is a contract development and manufacturing organization (CDMO) for gene-based therapies. Ajinomoto said Forge will integrate with its own AminoScience platform to work on new treatment options for rare diseases.
($1 = 151.7400 yen)
Read the full article here
What to Do If TikTok is Banned — How to Protect Your Brand
10 Roles That Are Surprisingly Well-Suited for Outsourcing
How AI Can Make Us Better Leaders
How Pets Can Promote Better Health and Well-Being in the Workplace
Biden cancels more student loans with one week left to his term
10 Critical Questions to Ask Your Financial Advisor Now
10 Ways to Make Money As a Graphic Designer
If you are 60 years old, new 401(k) rules could save you money
Could Easier Cancellations Build Customer Loyalty?
Airbus keeps top spot with 766 jet deliveries in 2024 By Reuters
Debt ceiling debate and its effect on the U.S. dollar
Debt ceiling default: Still no deal between parties
Stovall: If the U.S. defaults on its debt, all S&P 500 sectors will likely fall
What China's weaker-than-expected economy could mean for U.S. markets
A ‘Big Short’ investor sees financial disaster brewing in housing markets — again
-
Make Money6 days ago10 Critical Questions to Ask Your Financial Advisor Now
-
Make Money5 days ago10 Ways to Make Money As a Graphic Designer
-
Personal Finance4 days agoIf you are 60 years old, new 401(k) rules could save you money
-
Investing5 days agoCould Easier Cancellations Build Customer Loyalty?
-
Investing6 days agoAirbus keeps top spot with 766 jet deliveries in 2024 By Reuters
-
Investing3 days agoBank regulator gives BlackRock new deadline on bank stakes, Bloomberg reports By Reuters
-
Side Hustles5 days agoTrump’s 2025 Inaugural Committee Raises Record $170 Million
-
Passive Income6 days agoHow to Build a Solid Go-to-Market Strategy for 2025