Pharma BD Deal Intelligence

Johnson & Johnson / Halda Therapeutics, Inc.

2025 · Acquisition/Merger · $3.0B · Complete

Outcome grade pending — assessed 5 years post-close.

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The coverage arc

Nov 17, 2025 BioCentury Bullish

J&J sees value beyond lead prostate cancer program in $3B Halda takeout. While Halda's prostate cancer program clearly motivated the acquisition, J&J appears…

Nov 17, 2025 MedCity News Bullish

J&J's $3B Halda Acquisition Brings a Way to Overcome Drug Resistance in Prostate Cancer. Halda's innovative technology is designed to work even when cancers no…

Dec 29, 2025 Johnson & Johnson Neutral

J&J announced the successful completion of its acquisition of Halda Therapeutics OpCo, Inc. for $3.05B in cash (Dec 29, 2025).

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Johnson & Johnson (NYSE: JNJ) completed its acquisition of Halda Therapeutics OpCo, Inc. on December 29, 2025 for $3.05 billion in cash, having announced the definitive agreement on November 17, 2025. The deal brings J&J Halda's proprietary RIPTAC (Regulated Induced Proximity TArgeting Chimera) platform for oral, targeted solid-tumor therapies and its lead asset HLD-0915, a once-daily oral RIPTAC in a Phase 1/2 trial for metastatic castration-resistant prostate cancer (mCRPC). First-in-human data reported in October 2025 showed HLD-0915 was well tolerated with encouraging anti-tumor activity — among 22 patients completing ≥2 cycles, 59% achieved a PSA50 response and 32% a PSA90 response, alongside ctDNA reductions. J&J expects to accelerate the ongoing Phase 1/2 study (primary completion targeted March 2027) and extend RIPTAC into additional solid tumors.

Key facts

Related deals — scored

DealYearValueOutcome
Johnson & Johnson / Halda Therapeutics, Inc. (this deal)2025$3.0B
Johnson & Johnson / Legend Biotech Corporation2017$9.0B96
Johnson & Johnson / Centocor Inc.1999$4.9B92
Johnson & Johnson / Cougar Biotechnology, Inc.2009$970M91
Johnson & Johnson / Actelion Ltd2017$30.0B90
Johnson & Johnson / Aragon Pharmaceuticals Inc.2013$1.0B89
Johnson & Johnson / Legend Biotech Corporation2017$350M83

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