Pharma BD Deal Intelligence

Johnson & Johnson / Abbott Laboratories (Abbott Medical Optics)

2016 · Asset Purchase · $4.3B · Complete

CALLED IT — OFF BY 22

A durable #2-in-cataract-surgery bolt-on that never became the category leader Alcon remains — solid, not spectacular

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The coverage arc

Sep 16, 2016 Cravath, Swaine & Moore (deal counsel commentary) Neutral

The all-cash $4.325B transaction added cataract surgery, laser refractive surgery, and consumer eye health to J&J's contact-lens business, reshaping the…

Feb 27, 2017 Med Device Online Bullish

Closure created Johnson & Johnson Vision, with J&J's Ashley McEvoy stating the combined unit was 'poised to become a world leader in eye health' across…

Feb 28, 2017 Optics.org Bullish

Industry coverage framed the deal as a strategic vault into surgical ophthalmology, leveraging demographic tailwinds from an aging population requiring…

Source summaries from our enrichment pipeline; follow links for originals.

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Abbott agreed to sell Abbott Medical Optics to Johnson & Johnson for $4.325B all-cash. AMO's portfolio: cataract surgery, laser refractive surgery, and consumer eye health products with $1.1B annual sales. Combined with J&J's ACUVUE Brand Contact Lenses to form Johnson & Johnson Vision. Closed February 2017.

Did it work? Outcome assessment

A durable #2-in-cataract-surgery bolt-on that never became the category leader Alcon remains — solid, not spectacular

Strategic verdict
Partially Achieved
Financial impact
Neutral
Pipeline outcome
Assets Advanced

Key facts

Related deals — scored

DealYearValueOutcome
Johnson & Johnson / Abbott Laboratories (Abbott Medical Optics) (this deal)2016$4.3B66
Johnson & Johnson / Legend Biotech Corporation2017$9.0B96
Johnson & Johnson / Centocor Inc.1999$4.9B92
Johnson & Johnson / Cougar Biotechnology, Inc.2009$970M91
Johnson & Johnson / Actelion Ltd2017$30.0B90
Johnson & Johnson / Aragon Pharmaceuticals Inc.2013$1.0B89
Johnson & Johnson / Legend Biotech Corporation2017$350M83

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