Pharma Deals Review, Vol 2009, No 6 (2009)

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J&J Buys Cougar Biotech to Boost Oncology Presence

Taskin Ahmed

Abstract


Johnson & Johnson (J&J) announced a definitive agreement whereby Cougar Biotechnology will be acquired for approximately US$1 B in a cash tender offer. Cougar’s leading product is abiraterone, a late stage, first-in-class compound for the treatment of prostate cancer.



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