Momenta shift to new drugs pays off with $6.5B buyout by J&J
Dive Brief: Johnson & Johnson will pay $6.5 billion to buy Momenta Pharmaceuticals, acquiring the Cambridge, Massachusetts-based biotech less than two years after the company shifted away from developing biosimilars and toward testing experimental drugs for autoimmune diseases. With the deal, J&J gains access to an experimental drug for myasthenia gravis, a disease that is…