Tag Archives: Softbank

A Japanese telecom giant bets 1$ billion on Pharma

SoftbankSoftbank, the Japanese telecommunications giant, has been on a multibillion-dollar acquisition and investment spree for the past year or so. It isn’t over. Today the pharmaceutical company Roivant is announcing a $1.1 billion investment, mostly from the SoftBank Vision Fund. It’s perhaps the largest single biotech investment ever. And after the biggest biotech IPOs of 2015 and 2016, this new money might also be another validation of Roivant’s development approach, grabbing up promising-but-abandoned drug candidates that other companies couldn’t get across the finish line. Click here for more…