GSK to buy food allergy drug maker RAPT in $2.2bn deal

AI Summary
GSK, under its new CEO Luke Miels, is acquiring RAPT Therapeutics for $2.2 billion to gain access to ozureprubart (Ozu), a mid-stage drug targeting severe food allergies. Ozu, administered every 12 weeks, aims to neutralize IgE, a key driver of allergic reactions, and could be a potential alternative to existing treatments requiring more frequent injections. Clinical trials are ongoing, with late-stage studies planned for 2027 and a potential launch in 2031. GSK anticipates Ozu could become a "blockbuster" drug, contributing to its target revenue of £40 billion by 2031. The acquisition excludes rights to Ozu in mainland China, Macau, Taiwan, and Hong Kong.
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