Johnson and Johnson announced that it will acquire Momenta Pharmaceuticals for an all cash transaction worth of $6.5 billion.
Momenta Pharmaceuticals is involved developing novel therapies for immunological diseases.
The transaction will help Janssen to retain the global rights for nipocalimab (M281), drug which can potentially target FcRn antibody. The drug is in the Phase 2/3 trial for autoimmune hemolytic anemia. The drug is the Phase 2 trials for haemolytic diseases of new born and myasthenia gravis. Janssen expects a peak sales of more than one billion for nipocalimab. Company’s other product M254 is in the Phase 2 trial for immune thrombocytopenic purpura (ITP), and in Phase 1 trial for chronic inflammatory demyelination polyneuropathy.
Momenta Pharmaceuticals has developed expertise in FcRn mechanism, as it is believed to support number of autoantibody-driven conditions. Myasthenia gravis, hemolytic diseases new born, warm autoimmune hemolytic anemia, and other serious dermatologic, rheumatic, neurologic, hematologic and renal diseases are common autoantibody-driven diseases.
With the acquisition, Janssen expects to expands its portfolio in maternal-fetal disorders neuro-inflammatory disorders, rheumatology, dermatology and autoimmune hematology.
Janssen has announced that it will retain Momenta’s presence in Cambridge, Massachusetts.
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