Morningstar

Roche Enters $2.3 Billion Blood-Cancer Drug Deal With Nurix Therapeutics

Provided by Dow Jones Jun 8, 2026, 5:42:00 AM

By Nina Kienle

Roche said it entered into an exclusive licensing and collaboration agreement with Nurix Therapeutics to develop a blood-cancer-treatment drug, bexobrutideg, in a deal valued up to $2.3 billion.

The Swiss drugmaker on Monday said it would pay Nurix an upfront cash payment of $700 million, while development costs would be shared 40% by Nurix and 60% by Roche.

Profit and losses from U.S. commercialization will be split equally, the company added.

The drug, used to treat various blood cancers, like chronic lymphocytic leukemia, is Nurix's investigational tyrosine kinase degrader that eliminates disease-causing proteins.

Phase three clinical trials are to begin this summer, the drugmaker added.

Write to Nina Kienle at nina.kienle@wsj.com

(END) Dow Jones Newswires

June 08, 2026 01:42 ET (05:42 GMT)

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