Johnson & Johnson to Acquire Proteologix, Inc.

May 16, 2024

Johnson & Johnson entered into a definitive agreement to acquire privately held biotechnology company Proteologix for $850 million in cash, with potential additional milestone payments. The deal is expected to close mid-year 2024 subject to antitrust clearance and customary closing conditions, expanding J&J’s bispecific antibody pipeline for immune-mediated diseases including atopic dermatitis and asthma.

Buyers
Johnson & Johnson
Targets
Proteologix, Inc.
Industry
Biotechnology
Location
United States
Transaction Type
Buyout

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