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Taiho Ventures, venture capital arm of Taiho Pharmaceutical, increased investment from US$50M to US$300M for innovative biotech start-ups

| Biz News, Business Development, USA | 10/16/2018


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Taiho Ventures Expands Investment Pool to US$300 Million to Continue Quality Investments and Accelerate Open Innovation

Date: Oct. 16, 2018
Source: Taiho Ventures, LLC

Taiho Ventures, LLC, a strategic corporate venture capital arm of Taiho Pharmaceutical, Co., Ltd., announced on October 16 that Taiho Ventures increased its investment pool by US$250 million from the initial US$50 million to US$300 million. The increase in the investment pool illustrates Taiho Ventures’ strong commitment to its continuous support of innovative biotech start-ups pursuing cutting-edge drug discovery activities based on state-of-the-art science. Taiho Pharmaceutical also aims to accelerate its open innovation through these investment efforts.

Taiho Ventures is actively searching for opportunities around the world to invest in promising start-up companies that conduct innovative first-in-class drug discovery and establish unique platform technologies, primarily in the oncology field, leveraging the resources that Taiho Pharmaceutical has assembled as a pioneer of oral anticancer drugs. Since its inception in 2016, Taiho Ventures has built an innovative investment portfolio that includes Arcus Biosciences, PACT Pharma, Harpoon Therapeutics, Storm Therapeutics, ORIC Pharmaceuticals and Quentis Therapeutics.

With Arcus Biosciences, the first investment from Taiho Ventures, Taiho Pharmaceutical entered into an option agreement in September 2017 to in-license exclusive development and commercialization rights of product candidates in Arcus pipeline programs in Japan and the rest of Asia (excluding China). In July 2018, Taiho Pharmaceutical exercised the option on their adenosine receptor antagonist AB928.

“Taiho Pharmaceutical aims to be a global oncology company,” said Masayuki Kobayashi, President and Representative Director at Taiho Pharmaceutical. “We conduct innovative R&D into new drugs originating in Japan based out of our drug discovery research facilities in Tsukuba, Ibaraki. This has brought many compounds to clinical study.* In addition to its mainstay in-house drug discovery, Taiho Pharmaceutical will also continue to access groundbreaking innovation, primarily in the oncology field, through Taiho Ventures, in an effort to further strengthen its drug discovery capabilities.”

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