Pharma BD Deal Intelligence

Johnson & Johnson / Animas Corporation

2005 · Acquisition/Merger · $518M · Complete

WRONG BY 46 POINTS

J&J bought its way into insulin pumps in 2006 and completely exited the business in 2017 — an 11-year, ~$518M dead end

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The coverage arc

Dec 16, 2005 Animas Corp Form 8-K (SEC EDGAR) Neutral

Animas 8-K disclosing the definitive merger agreement with Johnson & Johnson, $24.50 per share in cash, with the transaction expected to close in the first…

Dec 19, 2005 MD+DI (Medical Device and Diagnostic Industry) Bullish

Coverage frames the deal as J&J's LifeScan entering the fast-growing insulin delivery pump market, a strategic complement to its blood-glucose monitoring…

Oct 06, 2017 FierceBiotech Bearish

J&J shuts down Animas insulin pump operations in US and Canada, transferring patients to Medtronic — a retrospective indictment of the original…

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

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J&J announces $518M acquisition of insulin pump maker Animas. Diabetes device deal. Closed Feb 17, 2006.

Did it work? Outcome assessment

J&J bought its way into insulin pumps in 2006 and completely exited the business in 2017 — an 11-year, ~$518M dead end

Strategic verdict
Failed to Achieve

Key facts

Related deals — scored

DealYearValueOutcome
Johnson & Johnson / Animas Corporation (this deal)2005$518M23
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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