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US: Johnson & Johnson secures $1.75B takeover

 |  October 1, 2014

Leading pharmaceutical conglomerate Johnson & Johnson announced that it has reached an agreement to acquire Alios BioPharma for about $1.75 billion.

According to reports, J&J’s takeover of the biopharmaceutical company will expand its portfolio of medications used to treat viral infections. Alios currently owns a compound in Phase II trials to treat infants with respiratory syncytial virus, the last major pediatric disease with no preventative therapy, according to reports.

The takeover remains subject to regulatory approval, though the companies expect to complete the takeover in the fourth quarter of this year.

Full content: Pharmaceutical Business Review

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