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Hot Biotech Stocks: Isis, Kite Jump On Big Deals

2015-01-06 01:37:09| Biotech - Topix.net

Biotech Isis Pharmaceuticals leapt 10% to a new high above 68 Monday after it signed a licensing deal with Johnson & Johnson worth up to $835 million. Janssen Biotech arm agreed to pay $35 million upfront and up to $800 million in milestone payments to develop drugs for autoimmune disorders of the gastrointestinal tract using Isis' RNA-targeting platform.

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Category:Biotechnology and Pharmaceuticals

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