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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