Its the major reason behind non-approval.

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Upon consummation of the acquisition deal, Perseid will become a wholly-owned subsidiary of Astellas and Maxygen could have no further passions or obligations with respect to the business and procedures of Perseid, aside from the provision of small transition services between the ongoing companies.. Astellas to obtain all Maxygen’s equity passions in Perseid for $76.0 million Maxygen, Inc. today announced that Astellas Pharma Inc. Provides exercised its substitute for purchase most of Maxygen’s equity interests in Perseid Therapeutics LLC at the existing exercise price of $76.0 million. Related StoriesPresence of connexin proteins suppresses major tumor growthWomen with elevated breasts cancer risk can benefit from regular physical activityAvatars in virtual environments may lead to improved health and workout behaviors Astellas’ decision to workout this option represents another essential milestone in Maxygen’s on-going efforts to maximize the value of its portfolio of assets, said James Sulat, Maxygen’s Chief Executive Officer.