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flag Amgen buys UK biotech Dark Blue for up to $840M to gain a promising leukemia drug in development.

flag Amgen has acquired UK-based Dark Blue Therapeutics for up to $840 million in an all-cash deal, expanding its oncology pipeline with DBT 3757, a preclinical drug targeting MLLT1 and MLLT3 proteins in aggressive acute myeloid and lymphoblastic leukemias. flag The therapy, developed from Oxford University research and backed by Oxford Science Enterprises, Bristol Myers Squibb, and Evotec, uses targeted protein degradation to disrupt cancer growth. flag Amgen plans to integrate Dark Blue’s team and technology to accelerate development, aiming to address unmet needs in blood cancers. flag The acquisition reflects rising industry focus on protein degradation therapies.

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