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Johnson & Johnson to Acquire Ambrx Biopharma in $2B Deal

Adds portfolio of clinical and preclinical programs designed to optimize efficacy and safety of its candidates in multiple cancer indications.

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By: Kristin Brooks

Managing Editor, Contract Pharma

Johnson & Johnson has entered into a definitive agreement to acquire Ambrx Biopharma, Inc., a clinical-stage biopharmaceutical company with a synthetic biology technology platform to design and develop next-generation antibody drug conjugates (ADCs), for a total equity value of approximately $2.0 billion.   Ambrx is advancing a focused portfolio of clinical and preclinical programs designed to optimize efficacy and safety of its candidate therapeutics in multiple cancer indications, includ...

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