Incyte to acquire Star subsidiary Vega Therapeutics

8 June 2026

US biotech Incyte (Nasdaq: INCY) today announced it has entered into a definitive agreement to acquire Vega Therapeutics, a wholly owned subsidiary of Star Therapeutics, for $1.25 billion.

The announcement partially confirms an earlier report by the Financial Times that Incyte planned to buy Star entirely for around $2 billion, but it now seems that the company will use the cash injection to develop the remaining candidates in its pipeline, which include complement-directed antibody-based therapeutics.

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