Janssen acquires UK virtual biopharma firm XO1

24 March 2015

US health care giant Johnson & Johnson (NYSE: JNJ) subsidiary Janssen Pharmaceuticals, has acquired XO1 Limited, a UK-based privately held asset-centric virtual biopharmaceutical company.

Financial terms of the transaction have not been disclosed. XO1 was founded to develop the anti-thrombin antibody ichorcumab, which is a recombinant human antibody developed to mimic the activity of a human antibody which appears to produce an anticoagulated state without predisposition to bleeding.

"Ichorcumab provides an excellent complement to the Janssen cardiovascular portfolio," said Peter DiBattiste, global development head, cardiovascular, Janssen Research & Development, adding: "Given Janssen's leadership in the fields of anticoagulation and biologics, we are well positioned to explore the potential of this next generation anticoagulant."

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