J&J wraps up potential $1B buyout of Aragon Pharmaceuticals

08/20/2013 | PharmaTimes (U.K.) · San Diego Business Journal

Johnson & Johnson has finalized its purchase of Aragon Pharmaceuticals, which is developing a potential treatment for prostate cancer, for $650 million plus $350 million in potential milestone fees. The acquisition gives J&J access to Aragon's androgen receptor antagonist program, including ARN-509, a drug candidate for castration-resistant prostate cancer. The deal "strengthens our prostate cancer pipeline with a second-generation, potentially best-in-class compound," said Peter Lebowitz, J&J's global therapeutic area head of oncology.

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PharmaTimes (U.K.) · San Diego Business Journal

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