J&J acquires rights to skin disorder drug for $1.25 bln-March 2024-www.financetom.com

J&J acquires rights to skin disorder drug for $1.25 bln

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J&J acquires rights to skin disorder drug for $1.25 bln

May 28, 2024 5:05 AM

May 28 (Reuters) - Johnson & Johnson ( JNJ ) said on

Tuesday that it had agreed to acquire the rights to an

experimental skin disorder treatment from privately held Numab

Therapeutics for about $1.25 billion.

J&J will acquire Numab's unit for the global rights to the

drug, called NM26.

(Reporting by Christy Santhosh in Bengaluru; Editing by Anil

D'Silva)

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