
US healthcare giant Johnson & Johnson (NYSE: JNJ) today revealed that it has entered into a definitive agreement to acquire clinical-stage biotech Halda Therapeutics OpCo.
J&J said it will pay $3.05 billion in cash for Halda and expects to close within the next few months, subject to antitrust clearance and other customary closing conditions.
The deal comes amid a flurry of biotech buyouts as big pharma groups seek to offset potential losses from expiring patents on blockbuster drugs.
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