GSK Successfully Acquires Clinical-Stage Company IDRx, Inc. to Enhance Cancer Treatment Options

GSK plc (LSE/NYSE: GSK), a global healthcare leader, has officially completed its acquisition of IDRx, Inc., a clinical-stage biopharmaceutical company based in Boston. This strategic move aims to bolster GSK’s portfolio in developing precision therapeutics specifically targeting gastrointestinal stromal tumors (GIST).

IDRx, Inc. is at the forefront of creating innovative treatments for GIST, with its lead molecule, IDRX-42. This investigational drug is a highly selective tyrosine kinase inhibitor (TKI) designed to significantly improve patient outcomes by targeting specific pathways involved in tumor growth and progression.

The acquisition was first announced earlier this year and has now reached completion as confirmed by both entities on February 27, 2025. The integration of IDRx’s specialized research into GSK’s robust oncology pipeline marks a significant advancement in targeted cancer therapy development.

Date: February 24, 2025

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Author

Mark Chiang