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Home » J&J to Acquire Peninsula for $245 Million
J&J to Acquire Peninsula for $245 Million
April 19, 2005
Johnson & Johnson said on Tuesday it will acquire Peninsula Pharmaceuticals Inc., a privately held biotechnology company focused on developing antibiotics, in a cash deal valued at about $245 million. Johnson & Johnson said it expects to incur a one-time charge of about 8 cents a share.
Yahoo News (http://biz.yahoo.com/rb/050419/health_johnsonjohnson.html?.v=1)
KEYWORDS Daily International Pharma Alert
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