Johnson & Johnson Acquires Aragon Pharmaceuticals for $1,000,000,000

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a629e072-7a4f-44ef-9ef8-ce4f8eb66b91&Preview=1
Date
6/17/2013
Company Name
Aragon Pharmaceuticals
Mailing Address
12780 El Camino Real San Diego, CA 92130
Company Description
Aragon Pharmaceuticals is a San Diego based biopharmaceutical company focused on developing a pipeline of new anti-endocrine therapies targeting the biology of hormone resistant cancers.
Website
http://www.aragonpharmaceuticals.com
Transaction Type
M&A
Transaction Amount
$1,000,000,000
Transaction Round
Proceeds Purposes
M&A Terms
J&J will pay $650 million upfront and potential milestone payments of up to $350 million.