GSK to buy IDRx for up to $1.15bn

13th Jan 2025 07:04

(Sharecast News) - GSK on Monday said it was buying US-based biopharmaceutical company IDRx for up to $1.15bn.

IDRx specialises in developing treatments for gastrointestinal stromal tumours (GIST), GSK will pay $1bn up front with the potential for a further milestone payment of $150m.

Reporting by Frank Prenesti for Sharecast.com

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