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Stock impact report

Johnson & Johnson to acquire Halda Therapeutics for $3.05bn [Yahoo! Finance]

Johnson & Johnson (JNJ) 
Last johnson & johnson earnings: 4/14 06:31 am Check Earnings Report
US:NYSE Investor Relations: jnj.com
Company Research Source: Yahoo! Finance
The acquisition brings Halda's lead candidate, HLD-0915, a clinical-stage treatment for prostate cancer, into Johnson & Johnson's oncology portfolio. This once-daily therapy presents an opportunity to enhance patient outcomes via its targeted method of destroying cancer cells, which can address the ways in which some cancers develop resistance to therapies. Halda is a biotechnology company in the clinical stage that utilises a platform known as Regulated Induced Proximity Targeting Chimera (RIPTAC) to create oral, targeted treatments for solid tumours, such as prostate cancer. Johnson & Johnson innovative medicine and research and development (R&D) executive vice-president John Reed stated: “Results seen with HLD-0915 demonstrate impressive preliminary efficacy and a strong early safety profile in prostate cancer. “We are eager to accelerate the ongoing Phase I/II clinical trial of HLD-0915 and progress a pipeline of novel product candidates based on RIPTAC technology.” The Show less Read more
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