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J&J axes eczema drug from $1.25B acquisition

Johnson & Johnson said an experimental eczema medicine didn’t meet its standards for efficacy, ending hopes for a drug that the pharma paid $1.25 billion to get in 2024.

This report was first published by Endpoints News. To see the original version, click here

Johnson & Johnson said an experimental eczema medicine didn’t meet its standards for efficacy, ending hopes for a drug that the pharma paid $1.25 billion to get in 2024.

The drug, named JNJ-5939 or NM26, “did not meet the high bar we established for advancing our clinical development programs for atopic dermatitis,” J&J said in a statement on Friday.

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