GSK in Talks to Buy U.S. Rare Tumor Specialist IDRx for up to $1 Bln, FT Says, Citing Sources

Dow Jones

09 Jan

--Pharmaceutical giant GSK PLC is in talks to buy U.S. privately owned biotech company IDRx, which is developing a treatment for rare gastrointestinal tumors, for up to $1 billion, the Financial Times reports, citing unnamed sources.

--An announcement on the deal could be made ahead of the JPMorgan healthcare conference in San Francisco next week, the FT says, adding that talks are continuing and could still fail.

--GSK declined to comment and IDRx didn't immediately respond to requests for comment from the FT.

Full story: https://tinyurl.com/46u4zzup

Write to Ian Walker at ian.walker@wsj.com

(END) Dow Jones Newswires

January 09, 2025 01:35 ET (06:35 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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