Johnson & Johnson plans to acquire biotechnology company Firefly for $1 billions
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Glonghui, June 8 — Johnson & Johnson will acquire biotechnology company Firefly Bio for $1 billion in cash, aiming to expand its pipeline of cancer drugs. Firefly’s Firelink platform uses antibodies to deliver a protein-degrading drug directly to cancer cells. Johnson & Johnson stated that this approach is better at protecting healthy tissue compared to existing therapies while attacking tumors.
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