momenta pharmaceuticals jnj
A copy of the solicitation/recommendation statement on Schedule 14D-9 (once it becomes available) also may be obtained free of charge from Momenta under the "Investors & News" section of Momenta's website at https://www.momentapharma.com/home/default.aspx. The transaction will include full global rights to nipocalimab (M281), a clinically validated, potentially best-in-class anti-FcRn antibody. We are blending our heart, science and ingenuity to profoundly change the trajectory of health for humanity. The deal gives J&J's Janssen unit … © 2020 Forbes Media LLC. Johnson & Johnson Medical Devices Companies, https://www.momentapharma.com/home/default.aspx, http://www.prnewswire.com/news-releases/johnson--johnson-to-acquire-momenta-pharmaceuticals-inc-expanding-janssens-leadership-in-novel-treatments-for-autoimmune-diseases-301114715.html. With Nipocalimab, Johnson & Johnson will likely come up with multiple launches, many of which could be blockbuster drugs.
Chronic Inflammatory Demyelinating Polyneuropathy (CIDP), Idiopathic Thrombocytopenic Purpura (ITP), Hemolytic Disease of the Fetus and Newborn (HDFN). MNTA stock was up 69.2% as of Wednesday afternoon. The company’s immunology portfolio includes not one but four blockbuster drugs - Remicade, Stelara, Simponi, and Tremfya. "We're excited by the opportunity to further advance patient care by combining Johnson & Johnson's world-class R&D, commercial and supply chain capabilities with Momenta's talented people, pipeline and deep expertise in this important area.". Combining Momenta's discoveries with our 20-year heritage in immunology, global scope, and scientific and medical expertise, we see a real opportunity to create an entire 'pipeline in a pathway,'" said Mathai Mammen, M.D., Ph.D., Global Head of Janssen Research & Development, Johnson & Johnson. Click here for more info Janssen pursues research and development in both functional manifestations of disease (disease area strongholds) and biological pathways (pathway area strongholds). Johnson & Johnson Completes Acquisition of Momenta Pharmaceuticals, Inc. Acquisition broadens Janssen's leadership in autoimmune diseases and provides a … Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article. Your use of the information on this site is subject to the terms of our Legal Notice. Assuming the closing of the tender offer, the Company will acquire any shares of Momenta not tendered into the tender offer through a merger of Merger Sub with and into Momenta for the same per share consideration as will be payable in the tender offer. About the Agreement
This site is governed solely by applicable U.S. laws and governmental regulations. patients with rare diseases. M254 is an alternative to the current therapy, intravenous immunoglobulin, which itself is a $6 billion plus market. 9 Companies to Invest In as U.S.-China Relations Deteriorate. Johnson & Johnson (JNJ) - Get Report said Wednesday that it will buy Momenta Pharmaceuticals (MNTA) - Get Report for roughly $6.5 billion in cash, paving the way for the company to expand its efforts into autoimmune disease treatments. All contents © Copyright Johnson & Johnson Services, Inc.1997-2018. It’s what drives us to develop novel therapies for patients with rare immune-mediated diseases. See you at the top!
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The transaction is expected to close in the second half of 2020. Risk Factors," and in the company's most recently filed Quarterly Report on Form 10-Q, and the company's subsequent filings with the Securities and Exchange Commission. The healthcare conglomerate is eager to expand its presence in Cambridge, Massachusetts, the world's leading hub for biopharmaceutical innovation and the location of Momenta's headquarters. At Johnson & Johnson, we believe good health is the foundation of vibrant lives, thriving communities and forward progress. Autoantibody-driven diseases are often serious, and patients are underserved by current treatment options," said Jennifer Taubert, Executive Vice President, Worldwide Chairman, Pharmaceuticals, Johnson & Johnson. J&J will pay $52.50 for each Momenta share, the company said in a statement, a 70.4% premium to Momenta's closing price Tuesday. Johnson & Johnson (J&J) has entered into a definitive agreement to acquire Momenta Pharmaceuticals for a total consideration of approximately $6.5bn, or $52.50 per share, in cash. I believe J&J is the right company to advance our portfolio of novel drug candidates for autoimmune and rare diseases.”. All contents © Copyright Johnson & Johnson Services, Inc.1997-2020. About Janssen's Approach to Autoimmune Disease Today, as the world's largest and most broadly-based health care company, we are committed to using our reach and size for good. Our dashboard, ’What Factors Drove A Whopping 270% Change In Momenta Pharmaceuticals Stock Between 2017 And Now?’ provides more detail on the stock performance. On Tuesday, the giant healthcare conglomerate announced a definitive agreement to acquire the biotech for $52.50 per share. Market data powered by FactSet and Web Financial Group. Copies of these filings are available online at www.sec.gov, www.jnj.com or on request from Johnson & Johnson. This might include you though you may have invested money in these companies, or may have been working with one of them for years as an employee, or have consulted with them as an expert for a long time. "We're delighted to welcome Momenta's talented … As of this writing, William White did not hold a position in any of the aforementioned securities. Johnson & Johnson said on Wednesday it would buy Momenta Pharmaceuticals for about $6.5 billion in cash to expand into the area of autoimmune disease treatments. iMaGineMyMG.com was created specifically with and for people living with MG. The merger will be effected as soon as practicable after the closing of the tender offer. Momenta recently received a rare pediatric disease designation for its therapy, Nipocalimab, by the U.S. FDA. At Momenta, we don’t see impossible as a hindrance. The platform uses extensive data to show in a single snapshot what drives the value of a company's business. NEW BRUNSWICK, N.J., Aug. 19, 2020 /PRNewswire/ -- Johnson & Johnson (NYSE:JNJ) today announced it has entered into a definitive agreement to acquire Momenta Pharmaceuticals, Inc. (Momenta), a company that discovers and develops novel therapies for immune-mediated diseases, in an all cash transaction for approximately $6.5 billion. The transaction will be accounted for as a business combination. Nipocalimab recently received a rare pediatric disease designation from the U.S. Food and Drug Administration. While the closing of the transaction is expected to be modestly dilutive, the Company is maintaining its current 2020 Adjusted EPSi guidance range. J&J will buy Momenta Pharmaceuticals for roughly $6.5 billion in cash, paving the way for its Janssen unit to expand its efforts into autoimmune disease treatments. These statements are based on current expectations of future events. This press release contains "forward-looking statements" regarding the potential acquisition of Momenta. The deal still needs to complete other customary closing conditions before it can close. Shares of biotechnology company Momenta Pharmaceuticals, Inc. MNTA were up 69.17% after it announced that it will be acquired by pharma giant Johnson & Johnson JNJ … Momenta focuses on treating rare autoantibody-driven diseases including Myasthenia Gravis, Hemolytic Diseases of the Fetus and Newborn, warm Autoimmune Hemolytic Anemia. During a 68-patient dose-determination trial, 52% of those treated with the FcRn inhibitor reported significant symptom reductions compared to 15% of those who received a placebo. Biological pathways identify mechanisms through which seemingly dissimilar diseases can be connected by genetic, molecular or cellular systems in the body. Action Alerts PLUS is a registered trademark of TheStreet, Inc. Follow us at @JNJNews. We’re challengers. Following completion of the merger, Momenta's common stock will no longer be listed for trading on the NASDAQ Global Select Market.
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