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Achillion gets $225mm equity investment from JJDC

Executive Summary

Johnson & Johnson Development Corp. made a $225mm equity investment in Achillion Pharmaceuticals Inc., buying about 18.4mm new unregistered shares at $12.25 each (a 28% premium). Concurrently, Achillion licensed Janssen Pharmaceuticals Inc. exclusive worldwide rights to develop and commercialize hepatitis C assets including ACH3102, ACH3422, and sovaprevir.
Deal Industry
  • Biotechnology
  • Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Financing
    • Private Investment in Public Equity
    • Private Placement

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