J&J buys Numab’s atopic dermatitis prospect for $1.25 billion

29 May 2024

US healthcare giant Johnson & Johnson (NYSE: JNJ) has acquired Yellow Jersey Therapeutics (YJT), a wholly-owned subsidiary of Swiss biotech Numab Therapeutics.

YJT comprises all assets relating to NM26, an investigational first-in-class bi-specific antibody for the treatment of atopic dermatitis (AD) set to advance into Phase II development.

Under the terms of the acquisition, J&J will pay a purchase price of $1.25 billion in cash.

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