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Biogen to acquire RayThera for up to $1B, boosting immunology pipeline with new drug candidates.

Company Fundamentals
17 Jun 2026
Na
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Bullish
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Biogen has agreed to acquire RayThera Inc. for up to $1 billion, including upfront and milestone payments. This acquisition adds multiple anti-inflammatory drug candidates to Biogen's immunology portfolio, with the lead asset expected to enter Phase 1 clinical trials in Q3 2026. The deal aims to expand Biogen's presence in immune-mediated disease treatment and accelerate development of RayThera's pipeline. The transaction is expected to close in Q3 2026, pending regulatory approvals.

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