Johnson & Johnson agrees to acquire Ambrx Biopharma for $2bn
The acquisition is aimed at transforming cancer treatment with advanced antibody drug conjugates.
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Genomics has been identified as the top emerging pharmaceutical industry trend for 2024, with its growth attributed to the increasing prevalence of chronic diseases, plummeting DNA sequencing costs, and increasing funding for genomics. Despite an optimistic outlook for 2024, the industry growth is predicted to be below 2022 levels primarily due to geopolitical conflicts, inflation, and drug pricing pressures.
