GSK CEO Sees RAPT Therapeutics Acquisition as Template for Future Deals -- Market Talk

Dow Jones
Apr 29

1039 GMT - GSK CEO Luke Miels says the U.K. pharmaceutical company's future deals could follow the pattern of its recent $2.2 billion acquisition of allergy-drug developer RAPT Therapeutics. The company could target companies working on drugs based on proven science that are developing products with an edge over those already on the market, Miels says in a call with reporters. In future dealmaking, GSK is more likely to focus on areas where it is already commercially active or those adjacent to them, as the barriers to expand into new fields are higher, he adds. GSK agreed to buy RAPT in January, just a few weeks after Miels took over as CEO, and closed the deal in March. Shares fall 2.5%. (adria.calatayud@wsj.com)

 

(END) Dow Jones Newswires

April 29, 2026 06:39 ET (10:39 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10