J&J purchases Crucell shares, inks influenza drug deal

09/28/2009 | Wall Street Journal, The

Johnson & Johnson will pay $442.7 million for an 18% stake in Crucell and collaborate with the Dutch biotech firm to develop and market a monoclonal antibody for influenza. The deal provides "access to antibody and vaccine know-how and technology, and expands our ability to offer preventive health care solutions for unmet medical needs," a J&J official said.

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Wall Street Journal, The