Johnson & Johnson to Acquire Ambrx Biopharma for $2 Billion Cash #
Pharmaceutical company Johnson & Johnson has announced plans to acquire Ambrx Biopharma, a cancer-treatment developer, in a cash deal worth $2 billion. The acquisition aims to strengthen Johnson & Johnson’s oncology portfolio and expand its pipeline of innovative cancer therapies. The deal is expected to enhance the company’s ability to deliver targeted treatments and personalized care to cancer patients. Johnson & Johnson is optimistic about the potential of Ambrx Biopharma’s technology and its contribution to advancing cancer treatment options.