GSK plc (LSE:GSK) agreed to acquire Efimosfermin alfa drug from Boston Pharmaceuticals Inc. for $2 billion on May 14, 2025. GSK will pay $1.2 billion upfront, with potential for additional success-based milestone payments totaling $800 million. GSK will also be responsible for success-based milestone payments as well as tiered royalties for efimosfermin owed to Novartis Pharma AG.

This transaction is subject to customary conditions, including applicable regulatory agency clearances under the Hart-Scott-Rodino Act in the USA. Evercore Partners International LLP acted as financial advisor and Cleary Gottlieb Steen & Hamilton LLP acted as legal advisor to GSK plc. Centerview Partners LLC acted as financial advisor and Matthew G. Hurd, Jeremy Kutner, Miaoting (Mimi) Wu, Jeannette E. Bander, RuiHui (Rachel) Yu, Ha Jin Lee, Renata B. Hesse, Samantha F. Hynes, Bradley P. Smith and Shane M. Palmer of Sullivan & Cromwell LLP acted as legal advisor to Boston Pharmaceuticals.

GSK plc (LSE:GSK) completed the acquisition of Efimosfermin alfa drug from Boston Pharmaceuticals Inc. on July 7, 2025.