SoftBank, Bristol Myers Squibb and Hitachi were among Arsenal Biosciences’ $220m round while MegaChips led a $140m round for Morse Micro.
M&A
Pharmaceutical firm Roche has agreed to acquire a portfolio company, Good Therapeutics, which is a US-based self-regulating therapy developer, for $250m in cash and additional earnouts. The company had secured more than $30m in funding from the corporate’s Roche Venture Fund as well as RiverVest Venture Partners, 3×5 Partners, Digitalis Ventures and Codon Capital.