
J&J gets a $30B Actelion buyout and a new partner as Clozel’s team spins out with the pipeline
One of the big hurdles facing anyone who wanted to buy Actelion was finding a way to come up with an acceptable acquisition value for its pipeline, which was highly prized by its independent-minded management. So in the end, J&J got a buyout deal done by being creative, spinning out a big part of the pipeline, with Actelion’s team in charge, while grabbing rights to some prized late-stage assets for itself.
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