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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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