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J&J secures Actelion for US$30bn
Posted 27 January 2017
Johnson & Johnson has agreed to buy Actelion, Europe's biggest biotech company, for $US30 billion in a deal that will spin off the target's R&D arm.
The deal will help the US giant deal with the loss of exclusivity on Remicade (infliximab) by delivering a range of already successful treatments for conditions such as pulmonary arterial hypertension that are expected to boost sales by more than $US2 billion annually.
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Posted 27 January 2017
Johnson & Johnson has agreed to buy Actelion, Europe's biggest biotech company, for $US30 billion in a deal that will spin off the target's R&D arm.
The deal will help the US giant deal with the loss of exclusivity on Remicade (infliximab) by delivering a range of already successful treatments for conditions such as pulmonary arterial hypertension that are expected to boost sales by more than $US2 billion annually.
To see the whole article, please login
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