Pharma BD Deal Intelligence
Drug delivery platform added incremental value but never justified $10.5B price tag
Full analysis, sources & comparables →Ranks computed across 828 graded deals (Critic + Outcome Score both present).
Banc of America's Jerry Treppel noted ALZA's high margin, high-growth revenues from Ditropan XL, Concerta, and Doxil would complement J&J's existing…
J&J bagged drug delivery maker ALZA for $12.3B, but the stock-for-stock deal was expected to be dilutive to EPS in 2001 and 2002, with accretion only from…
J&J's merger with ALZA combined the world's most diversified healthcare company with the premier drug delivery technology platform, expected to accelerate…
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Johnson & Johnson merged with ALZA Corporation in a $10.5 billion stock-for-stock transaction (0.49 J&J shares per ALZA share), acquiring a leader in controlled-release and transdermal drug delivery technologies to enhance its Janssen Pharmaceuticals unit.
| Deal | Year | Value | Outcome |
|---|---|---|---|
| Johnson & Johnson / ALZA Corporation (this deal) | 2001 | $10.5B | 70 |
| Johnson & Johnson / Legend Biotech Corporation | 2017 | $9.0B | 96 |
| Johnson & Johnson / Centocor Inc. | 1999 | $4.9B | 92 |
| Johnson & Johnson / Cougar Biotechnology, Inc. | 2009 | $970M | 91 |
| Johnson & Johnson / Actelion Ltd | 2017 | $30.0B | 90 |
| Johnson & Johnson / Aragon Pharmaceuticals Inc. | 2013 | $1.0B | 89 |
| Johnson & Johnson / Legend Biotech Corporation | 2017 | $350M | 83 |
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