The week in pharma: action, reaction and insight – week to January 12, 2024
By Barbara Obstoj-Cardwell. Editor
M&A activity continued to feature in last week’s news, with US healthcare giant Johnson & Johnson announcing a $2 billion acquisition of antibody-conjugate (ADC) developer Ambrx Biopharma and its candidate ARX517. Also, pharma giant Merck & Co revealed a $680 million bid for fellow USA-based Harpoon Therapeutics to expand its oncology pipeline with HPN328. In other news, US pharma major AbbVie announced the launch in Europe of its new Parkinson’s disease treatment Produodopa. USA-based Xeris Biopharma entered into a technology licensing deal with biotech giant Amgen related to the development of Tepezza.
J&J to acquire ADC drug developer Ambrx for $2 billion
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