Another bio tech takeover13 Jan 2025 07:22
Shows the value for the right drug pipeline
Yet another £1 Billion takeover announced today (13th January 2025) in our sector with GSK buying IDRx for 1 Billion upfront and 150 Million in extras. Come on Stephen Parker and John Reader get on with it please......
Details below:
· Acquisition includes IDRX-42, a highly selective KIT tyrosine kinase inhibitor (TKI) designed to treat gastrointestinal stromal tumours (GIST)
· IDRX-42 offers potential to address all key KIT mutations in GIST that drive tumour growth and progression and improve tolerability, gaps in current therapies
· Acquisition adds to GSK's growing portfolio in gastrointestinal (GI) cancers
· GSK to pay up to $1.15 billion
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