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Cygnus sells drug delivery operations to Ortho-McNeil

Executive Summary

J&J company Ortho-McNeil Pharmaceutical is buying most of the assets of Cygnus's drug delivery business. J&J will pay $20mm cash up front, plus up to $55mm more in a cash earn-out contingent on technical, regulatory, and commercial milestones related to a seven-day contraceptive patch.
Deal Industry
  • Biotechnology
  • Pharmaceuticals
  • Pharmaceuticals
    • Drug Delivery
      • Transdermal
Deal Status
  • Final
Deal Type
  • Acquisition
    • Full Acquisition
    • Includes Earnout
    • Payment Includes Cash

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