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Ambrx, a San Diego-China ADC Company, Acquired by J&J for $2 Billion

publication date: Jan 9, 2024

San Diego’s Ambrx Biopharma will be acquired by Johnson & Johnson for $2 billion, a 105% premium to its previous closing price. Ambrx is a US-China company that is developing a portfolio of four antibody drug conjugates. JNJ said it would accelerate the Phase I/II study of ARX517 in advanced prostate cancer, while advancing Ambrx’s entire ADC pipeline. Ambrx has two China subsidiaries, and it has sold China rights for two of its candidates to China biopharmas. In 2015, Ambrx was bought by a consortium of four China companies, though none of them seem active in Ambrx. More details....

Stock Symbol: (NSDQ: AMAM)

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