The trial proved so successful that Bayer plans to reach out to regulators in preparation for submitting the drug candidate for approval.
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J&J this year lost its patent exclusivity for Stelara, its longtime top-selling drug that treats psoriasis and inflammatory bowel disease.
The deal, expected to close in the second half of 2026, comes as Kenvue’s Tylenol political fight is heating up.
BMO analysts said in a note Monday they were “encouraged” that Genmab’s acquisition “could start to spur broader M&A in the sector.”
Studies exploring whether there’s a connection between Tylenol’s key ingredient acetaminophen and autism have had mixed results.
Pfizer’s stock slumped its lowest level in more than 10 years. The world’s moved on from the pandemic, and nobody loves you when you’re down.