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J&J kicks off JPM 2024 with $2B offer for ADC firm Ambrx

The zeal for antibody-drug conjugates (ADCs), a prominent focus for dealmaking in 2023, shows no signs of waning, as Johnson & Johnson greeted attendees of the J.P. Morgan Healthcare Conference (JPM) with news of its $2 billion buyout of Ambrx Biopharma Inc., picking up rights to an ADC platform along with a promising candidate targeting advanced prostate cancer. Under the terms, J&J agreed to acquire all outstanding shares of San Diego-based Ambrx for $28 apiece, marketing a 105% premiu...
Ambrx Biopharma Inc Healthcare Conference San Diego Based Ambrx Ambryx Inc Johnson Amp Arx 517

Merck Announces Phase 3 Trial Initiations for Four Investigational Candidates From its Promising Hematology and Oncology Pipeline

Global Phase 3 studies started for bomedemstat , nemtabrutinib , MK-2870 and MK-5684 Comprehensive clinical development programs being initiated for each investigational candidate Demonstrates...
United States Drug Administration Exchange Commission Merck Co Inc American Society For Hematology Merck Research Laboratories

European Medicines Agency Validates Bristol Myers Squibb's Application for Repotrectinib for the Treatment of Locally Advanced or Metastatic ROS1-Positive Non-Small Cell Lung Cancer and NTRK-Positive Solid Tumors -January 02, 2024 at 07:00 am EST

Application based on data from the registrational TRIDENT-1 and CARE trials showing robust responses and durable activity in these patient populations If approved, repotrectinib will offer a...
United States Joseph Fiore Bristol Myers Squibb Bristol Myers Squibb Company European Medicines Agency Drug Administration

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