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Drugs & Pharmaceuticals M&A image Drugs & Pharmaceuticals M&A » By The Online Investor Staff, updated Tue., Apr. 16, 12:27 AM Recent mergers and acquisitions in the Drugs & Pharmaceuticals M&A category.

Slide #91. Johnson & Johnson Aragon Pharmaceuticals

Acquirer: Johnson & Johnson (NYSE:JNJ)
Acquiree: Aragon Pharmaceuticals
Details: Aragon Pharmaceuticals Inc., a leader in developing drugs for hormone driven cancers, today announced a definitive agreement with Johnson & Johnson whereby Aragon will be acquired for $650 million in cash up front along with $350 million in contingent development milestone payments that could bring the total transaction value to $1 billion. The acquisition includes Aragon's androgen receptor antagonist program, including its most advanced compound, ARN-509, a second generation androgen receptor signaling inhibitor that is currently being evaluated in a Phase II trial in patients with castration-resistant prostate cancer.

Johnson & Johnson is a holding company. Through its subsidiaries, Co. engages in the research and development, manufacture and sale of various products in the healthcare field. Co.'s segments are: Consumer Health, which includes products focused on personal healthcare used in the Skin Health/Beauty, Over-the-Counter medicines, Baby Care, Oral Care, Women's Health and Wound Care markets; Pharmaceutical, which is focused on six therapeutic areas including Immunology, Infectious Diseases, Neuroscience, Oncology, Cardiovascular and Metabolism, and Pulmonary Hypertension; and Medical Devices, which includes products used in the Interventional Solutions, Orthopaedics, Surgery, and Vision fields.

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Company Name:  Johnson & Johnson
Stock buyback:  JNJ buyback
Website:  www.jnj.com
Sector:  Drugs & Pharmaceuticals
Number of ETFs Holding JNJ:  132
Total Market Value Held by ETFs:  $48.74B
Total Market Capitalization:  $358.18B
% of Market Cap. Held by ETFs:  13.61%
 

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April 16, 2024    12:27 AM Eastern
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Buy (2.90 out of 4)
22nd percentile
(ranked lower than approx. 78% of all stocks covered)

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