3 Firms Steer New Takeda, Frazier Biopharma Venture

By Matthew Guarnaccia (May 15, 2019, 4:38 PM EDT) -- Pharmaceutical giant Takeda on Wednesday said it is teaming up with Frazier Healthcare Partners to create a biopharmaceutical firm focused on gastrointestinal issues, with the Gunderson Dettmer-led venture capital firm leading the way on a $90 million financing for the new venture.

Steered on the deal by Ropes & Gray LLP, Takeda Pharmaceutical Co. Ltd. said its collaboration with Menlo Park, California-based Frazier is called Phathom Pharmaceuticals.

As part of the venture, Takeda agreed to give Latham & Watkins LLP-led Phathom control of development and exclusive commercialization rights for an acid blocker known as vonoprazan. Takeda received an unspecified amount of...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!