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          comprehensive  
          
                                   
                 
                                      author：fashion   
                                        
                                      
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browse：9
                                  
                                    
          
                                    
            
          
 
          The New York Stock Exchange's screen displays a logo of Johnson & Johnson — pharma coverage from STAT
          AP/Richard Drew
          Johnson & Johnson said Monday that it would purchase Ambrx Biopharma for nearly $2 billion, picking up a company specializing in targeted chemotherapy treatments — one of the hottest areas of cancer drug development. 
          The deal, disclosed as the biopharma field marked the first day of the annual J.P. Morgan Healthcare Conference, extends a recent spate of pharma acquisitions, contributing to hopes that 2024 could be a better year for the industry. 
          advertisement
          Under the agreement, J&J will pay $28 per share in cash for Ambrx, roughly a 100% premium to the latter’s recent trading price. 
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              Rep.CathyMcMorrisRodgersannouncedherplanstoleaveCongressattheendof2024.AnnaMoneymaker/GettyImagesWAS
             
           
      
          
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