Pharma BD Deal Intelligence

Johnson & Johnson / Crucell N.V.

2010 · Acquisition/Merger · $2.4B · Complete

CALLED IT — OFF BY 16
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The coverage arc

Nov 01, 2010 Manufacturing Chemist Bearish

Crucell halted shipments of Quinvaxem from its Shingal Korea facility due to microbiological contamination and took a €23M impairment charge during the J&J…

Dec 08, 2010 FierceBiotech Bullish

J&J's recommended public offer of €24.75 per share moves the company decisively into vaccines, building on the September 2009 18% strategic stake.

Mar 16, 2011 FiercePharma Bullish

J&J reached 98.89% ownership at the end of the subsequent offering period, clearing the path for delisting and full integration into Janssen Pharmaceuticals.

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

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J&J reached agreement on October 6, 2010 to acquire remaining ~82% of Crucell for €24.75/share, valuing Crucell at ~€1.75B (~$2.4B). J&J had bought 18% in 2009. Crucell became Janssen Vaccines.

Did it work? Outcome assessment

Strategic verdict
Achieved Stated Rationale
Financial impact
Neutral
Pipeline outcome
Mixed

Key facts

Related deals — scored

DealYearValueOutcome
Johnson & Johnson / Crucell N.V. (this deal)2010$2.4B47
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

Compare all 7 side-by-side →

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