(AOF) – Nanobiotix announces the closing of the remaining investment of $4.8 million subscribed by Johnson & Johnson Innovation to its capital, following a first tranche of $20.2 million. The biotech specialist in physics-based approaches to cancer specifies that the total amount of the operation is thus brought to approximately 55.5 million euros (or $58.7 million) allowing the company to extend its financial visibility until mid-2025, as announced in mid-November.
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Oncology, priority of pharmaceutical giants
Sanofi’s stock market disappointment recorded at the end of October 2023 underlines the new direction for the group, which has now set oncology as its number 1 priority. Efforts in this segment, where therapies are advancing the fastest, notably involve investments in R&D which weigh on profitability. Sanofi therefore announced a drop in its earnings per share in 2024 and the abandonment of its objective of an operating margin of 32% in 2025. Merck has just unveiled a new alliance. It will pay up to $22 billion to the Japanese group Daiichi Sankyo as part of a partnership on experimental cancer treatments. While some experts estimate that the United States represents nearly half of global oncology spending (drugs and treatments), or $196 billion in 2022, Chinese spending in this area has more than doubled in five years, going from 5 to 11.8 billion dollars.