Protagonist Therapeutics (PTGX) announces the closing of the worldwide collaboration and license agreement for rusfertide with Takeda (TAK) disclosed on January 31, 2024. Closing of the transaction was contingent on completion of review under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 in the United States. Protagonist will receive the $300 million upfront payment associated with the transaction in the second quarter of 2024.
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