May 28 (Reuters) - Johnson & Johnson ( JNJ ) on Tuesday
agreed to acquire the rights to an experimental skin disorder
treatment from privately held Numab Therapeutics for about $1.25
billion, its second deal for an eczema-focused company this
month.
J&J will acquire a unit of Numab, backed by the parent of
Danish drugmaker Novo Nordisk, to gain rights to the
experimental treatment for eczema, also known as atopic
dermatitis.
The disease, which affects 30 million people in the United
States every year, was the focus of J&J's $850 million
acquisition of drug developer Proteologix earlier this month.
J&J, which has recently narrowed its focus to medical
devices and drugs, has struck major deals this year, ahead of
looming competition from biosimilars for blockbuster psoriasis
treatment Stelara that are set to enter the market in 2025.
Last month, the company said it has significant flexibility
to consider multiple types of transactions after agreeing to buy
heart device maker Shockwave Medical ( SWAV ) for $13.1 billion.
The Numab deal is expected to close in the second half of
2024.
Numab's drug, NM26, recently completed testing in an
early-stage trial. It belongs to a class of drugs known as
bi-specific antibodies, which are artificial proteins that can
target two different disease pathways at once.
Atopic dermatitis is a chronic inflammatory skin disorder
that causes damage to the skin barrier, leaving it dry, itchy,
and prone to skin infections.