Oncolytics Biotech Inc T.ONC

J&J sitting on cash, wanting acquisitions

[itntdf]

While not an exact "fit" with Oncy, maybe a look at M&A activity for Q4 as we close out the year.

Johnson & Johnson plans to tap billions in proceeds from the recent split-off of its consumer-health business to fuel growth in pharmaceuticals and medical technology through capital allocation, which could include new acquisitions and investments in product offerings and robotics.

The New Brunswick, N.J.-based healthcare giant in May sold shares in Kenvue, which owns brands such as Band-Aid and Tylenol, through an initial public offering that netted J&J $13.2 billion in cash. 

J&J’s targets for acquisitions are businesses with scientific expertise and commercial capabilities that could benefit from J&J’s global reach, Wolk said. The company’s growth will continue to stem from a 50-50 split between organic, in-house development and expansion through acquisitions and partnerships, as it has historically, he said.

The company could acquire a mix of firms with already approved drugs and those with a late-stage pipeline that could launch a drug by the time a similar drug loses J&J exclusivity, said Damien Conover, director of healthcare equity research at financial-services firm Morningstar's research arm. 

[Noteable]

J&J remains “really bullish” on Legend Biotech partnered CAR-T Carvykti for multiple myeloma patients “around the world,"  I see J&J after the CAR-T in solid tumors market, potentially making ONCY a direct fit. https://www.fiercepharma.com/financials/johnson-johnson-sticks-2025-projection-60-billion-pharma-sales-relying-eight-key-brands

[Noteable]

 J&J expects its new multiple myeloma therapies will complement existing treatments rather than cannibalize each other’s sales.  https://www.biopharmadive.com/news/johnson-johnson-cancer-drug-sales-pharma-4q22/641071/

[Buckhenry]

I think canuckfan and unnoteable post continually to keep themselves pumped up. Their message has not changed in 4 years. Canuckfan's latest post is so full of ifs and buts and maybes.   He reminds me of the guy that said... you know how you can tell a politician is lying.... his lips are moving.  

[Noteable]

No need to change the message when waiting on the rest to catch up.

[Buckhenry]

SOS.... different month and year and decade...but please be very patient...lol