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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