Eylea Biosimilar Developer Momenta To Be Acquired By J&J For $6.5bn

M710 Aflibercept Candidate To Be Filed In 2021

Momenta Pharmaceuticals has signed an agreement to be acquired by Johnson & Johnson, with the deal to include, for now, the M710 biosimilar aflibercept candidate being developed with Mylan.

Close-up of blue eye. High Technologies in the futuristic. : cataract
Momenta and Mylan's Eylea biosimilar is set to pass into J&J's hands • Source: Shutterstock

Momenta Pharmaceuticals, which is developing a biosimilar to Eylea (aflibercept) in collaboration with Mylan and collaborated with Sandoz on the Glatopa (glatiramer acetate) generic version of Teva’s Copaxone, is to be acquired by biotech major Johnson & Johnson for $52.50 a share.

The definitive agreement, which has been unanimously approved by the boards of directors of both Momenta and J&J and is...

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