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GSK Agrees to Acquire IDRx

IDRx’s lead molecule IDRX-42 complements GSK’s growing portfolio in gastrointestinal cancers.

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By: Charlie Sternberg

Associate Editor

GSK plc has agreed to acquire IDRx, a Boston-based, clinical-stage biopharmaceutical company dedicated to developing precision therapeutics for the treatment of GIST. Under the agreement, GSK will pay $1 billion upfront, with potential for an additional $150 million success-based regulatory approval milestone payment. The acquisition includes lead molecule, IDRX-42, a highly selective KIT TKI being developed as a first- and second-line therapy for the treatment of GIST. GIST typically pres...

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