Pharma BD Deal Intelligence

Johnson & Johnson / Actelion Ltd

2017 · Acquisition/Merger · $30.0B · Complete

WRONG BY 27 POINTS
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Top 25 most underrated deals we track Top 25 largest deals of the 2010s

Ranks computed across 828 graded deals (Critic + Outcome Score both present).

The coverage arc

Jan 26, 2017 BioSpace Bearish

The price is quite high at around 30 times estimated 2018 earnings and J&J is paying a lot while R&D is not even included, just a substantial minority stake in…

Jan 26, 2017 PR Newswire / Johnson & Johnson Bullish

J&J CEO Alex Gorsky stated adding Actelion portfolio to the Janssen business is a unique opportunity to expand with leading differentiated medicines in PAH

Feb 16, 2017 Fortune Bullish

J&J outmaneuvered Sanofi in the $30 billion battle for Actelion, securing a leading franchise in pulmonary arterial hypertension medicines that diversifies its…

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

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Johnson & Johnson acquired Actelion for approximately $30 billion ($280 per share in cash) in an all-cash tender offer, gaining the world's leading pulmonary arterial hypertension franchise including Opsumit, Uptravi, and Tracleer. Actelion's drug discovery and early-stage R&D were spun out into a new Swiss company (Idorsia) with CHF 1 billion in capital.

Key facts

Related deals — scored

DealYearValueOutcome
Johnson & Johnson / Actelion Ltd (this deal)2017$30.0B90
Johnson & Johnson / Legend Biotech Corporation2017$9.0B96
Johnson & Johnson / Centocor Inc.1999$4.9B92
Johnson & Johnson / Cougar Biotechnology, Inc.2009$970M91
Johnson & Johnson / Aragon Pharmaceuticals Inc.2013$1.0B89
Johnson & Johnson / Legend Biotech Corporation2017$350M83
Johnson & Johnson / Genmab A/S2012$3.0B77

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