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Will Johnson & Johnson achieve the additional milestone payment within one year of acquiring Proteologix?
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Johnson & Johnson to Acquire Proteologix for $850 Million, Including Dual-Targeting Antibody Drugs
May 16, 2024, 12:25 PM
Johnson & Johnson announced on Thursday that it will acquire privately held Proteologix for $850 million in cash, with potential for an additional milestone payment. The acquisition aims to bolster Johnson & Johnson's leadership in the treatment of atopic dermatitis. Proteologix brings a young roster of bispecific immunology medications, including a phase 1-ready asset targeting TSLP and dual-targeting antibody drugs. The acquisition has seen Johnson & Johnson's stock (JNJ) rise by 0.1% in pre-market trading.
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Full $1.7 billion paid • 33%
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