Nov. 18 at 12:48 PM
Johnson & Johnson (
$JNJ | +1.86%) grabbed attention with a
$3.05 billion all-cash acquisition of privately held Halda Therapeutics, a biotech specializing in cancer treatments. Its lead candidate, HLD-0915, is targeting prostate cancer and is still early in clinical development.
The market liked the deal. J&J shares rose 1.9%, making it the day’s top performer in the Dow.