Pharma BD Deal Intelligence

Johnson & Johnson / Tibotec-Virco NV

2002 · Acquisition/Merger · $320M · Complete

Outcome grade pending — assessed 5 years post-close.

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The coverage arc

Mar 22, 2002 Johnson & Johnson Investor Relations Bullish

J&J announces definitive agreement to acquire Belgium-based Tibotec-Virco for ~$320M cash and debt, citing antiviral pipeline expansion as primary rationale.

Apr 15, 2002 HIV i-Base / HTB Bullish

HIV i-Base highlighted TMC114 and TMC125 as the strategic prize, with Tibotec's CSO emphasizing the deal would provide 'long-term financial stability' to…

Apr 18, 2002 J&J Our Story Bullish

J&J's own retrospective frames Tibotec as the foundation of its later HIV (Prezista, Intelence), TB (Sirturo) and HCV (Olysio) franchises — the highest-ROI…

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Johnson & Johnson acquired Belgium-based Tibotec-Virco, an HIV and antiviral biopharmaceutical company, for approximately $320 million in cash and assumed debt; the deal was announced in March 2002 and completed on April 18, 2002. The acquisition expanded J&J's antiviral R&D and seeded what became its HIV franchise, and the business was renamed Janssen Therapeutics in 2011.

Key facts

Related deals — scored

DealYearValueOutcome
Johnson & Johnson / Tibotec-Virco NV (this deal)2002$320M
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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