Look back at news to Jan 27
By Barbara Obstoj-Cardwell. Editor
Johnson & Johnson has agreed to pay $30 billion in cash for Actelion, and will not even get the whole drugs pipeline. Actelion shareholders should bite J&J’s arm off, according to the Financial Times’ Lex column.
This deal has the untidy look that can result from late concessions by an overly eager bidder when a rival acquirer is hovering. Founder and chief executive officer Jean-Paul Clozel will sail off into the sunset across Lake Lucerne helming a biotech comprising Actelion’s prospective and early stage treatments
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