Ogeda will become a wholly owned subsidiary of Astellas. The deal will only close once certain conditions are met, but Astellas has the support of Ogeda and its shareholders. Investors stand to profit handsomely from the takeover. Vesalius Biocapital II Partners and SRIW led a €10 million Series A in the company in 2012, and were again involved when SFPI-FPIM and Fund+ led it to a €16 million Series B in 2015. Those financings bankrolled the transformation of the company. The history of Ogeda dates back to 1994, when Euroscreen spun off from the University of Brussels. Perkin Elmer bought the GPCR products part of that business for €14 million in 2007, leaving behind a drug discovery service provider and nascent biotech. Using cash from the Series A and B rounds, Ogeda got fezolinetant into the clinic and through the phase 2a. Ogeda had planned to move fezolinetant into a phase 2b itself later this year, but has now decided to cash out instead.