Johnson & Johnson

JNJ: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$486.00	Ynsd	Jjvnkbbs

Johnson & Johnson: Ambrx Acquisition Expands Potential in Antibody Drug Conjugates

Damien Conover

Jan 8, 2024

Johnson & Johnson’s announced $2 billion acquisition of Ambrx Biopharma yields new antibody drug conjugate technology. While we don’t believe the deal will affect our fair value estimate or wide moat rating, it does increase J&J's potential in the increasingly important ADC landscape.

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