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Cygnus sells drug delivery operations to Ortho-McNeil
27 Dec 1999
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
-
Drug Delivery
Deal Status
- Final
Deal Type
-
Acquisition
- Full Acquisition
- Includes Earnout
- Payment Includes Cash
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