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J&J is acquiring Centocor
22 Nov 1999
Executive Summary
Johnson & Johnson will acquire Centocor Inc. (monoclonal antibodies) for $4.9bn in stock (0.639 share of J&J for each Centocor share). Centocor's ReoPro, a platelet-inhibiting MAb, will complement the Palmaz-Schatz coronary stents sold by J&J's Cordis unit.
Deal Industry
- Pharmaceuticals
-
Biotechnology
-
Large Molecule
- Antibodies
-
Large Molecule
Deal Status
- Final
Deal Type
-
Acquisition
- Full Acquisition
- Payment Includes Stock
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J&J is acquiring Centocor
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