J&J in Talks to Buy Crucell
Johnson & Johnson (J&J) is in advanced negotiations to buy Dutch biotechnology company Crucell NV for €1.75 billion ($2.29 billion. Giles Somers, senior healthcare analyst at Datamonitor.
Johnson & Johnson (J&J) is in advanced negotiations to buy Dutch biotechnology company Crucell NV for €1.75 billion ($2.29 billion. Giles Somers, senior healthcare analyst at Datamonitor comments:
“So, one more Big Pharma enters the vaccines space — following the example of Pfizer (through the acquisition of Wyeth) and AZ (through the acquisition of MedImmune). Strategically, J&J has already made a number of acquisitions in infectious diseases, so the fit is very good.
“In times of the approaching patent cliff and increasing genericization, vaccines are increasingly regarded as a key revenue generator for Big Pharma, as they are generics-proof. Blockbuster products such as Wyeth’s (now Pfizer’s) Prevnar or Merck & Co.’s Gardasil, as well as the huge pandemic flu vaccine windfalls during the H1N1 pandemic have sparked a new commercial interest in this sector and encouraged companies without previous expe
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