J&J16 Jan 2024 14:26
Apr 6, 2015
'J&J is Pharmacyclics' partner on the blood cancer drug Imbruvica, a fast-growing therapy in a hot field. It's a partnership that J&J struck years ago, at a cost of some $975 million, plus a split of eventual profits. Last month, AbbVie ($ABBV) agreed to buy Pharmacyclics--including its share of Imbruvica and some pipeline meds--for $21 billion.
The price stunned many analysts at the time, and Gorsky used the familiar words "thoughtful" and "disciplined" in answering the WSJ's question. The vast majority of J&J's acquisitions over the past 10 years--more than 100 in all--have been under $1 billion, the CEO said.
"Most of our investments tend to be early-on, smaller, midsize," Gorsky told the Journal. "Occasionally we'll go big as we did when we went after Synthes not too long ago.
"But in the pharma space, identifying another Zytiga, identifying the next Imbruvica is something that we're very interested in."
In other words, buy low, sell high. In biopharma, that means risk--there's no guarantee, of course, that pipeline drugs will actually pay off as hoped--but it also means less of a write down if expectations aren't met down the road. And J&J's team has a strong track record of picking winners.'
https://www.fiercepharma.com/m-a/why-didn-t-j-j-buy-imbruvica-partner-pharmacyclics-it-wants-hot-drugs-cheap-ceo-says
Now move forward to recent events...
'The slew of news from the JP Morgan Healthcare conference that started this morning started with a trio of takeover deals from Johnson & Johnson, Novartis, and MSD.
J&J’s $2 billion play for Californian antibody-drug conjugate (ADC) specialist Ambrx is the largest of the three, and came alongside confirmation of a rumoured takeover of Harpoon Therapeutics and its T-cell engager pipeline by MSD – now confirmed at $680 million – and a $425 million offer by Novartis for Calypso Biotech and its antibody drug for autoimmune diseases.'
https://pharmaphorum.com/news/jpm-kicks-takeovers-jj-novartis-and-msd
They're all piling into ADC's like lemmings...
Right now the space for the likes of AVA6000 is with a manufacturer of Dox...
Doxorubicin Market Leaders
Pfizer Inc.
Johnson and Johnson (Janssen Pharmaceutical)
Zydus Group
Cipla Limited
Sun Pharmaceutical Industries Ltd
https://www.mordorintelligence.com/industry-reports/doxorubicin-market
So if JNJ are still interested in new and innovative tech on the cheap then why not Avacta's AVA6000 and do a deal like the one above. By offering Dox without side effects they would blast the compeition our of the water and this could be done with one simple itsy bitsy produce.
Come on JNJ...cut the deals and let's get the show on the road so people can at least benefit from much higher doses of Dox without the debilitating side effect.
Cont P2