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November 9, 2014

Johnson & Johnson completes acquisition of Alios BioPharma for $1.75bn

US-based Johnson & Johnson (J&J) has completed the acquisition of a privately held clinical stage biopharmaceutical company, Alios BioPharma, for $1.75bn in cash.

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US-based Johnson & Johnson (J&J) has completed the acquisition of a privately held clinical stage biopharmaceutical company, Alios BioPharma Inc” target=”_blank”>Alios BioPharma , for $1.75bn in cash.

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Based in California, US, Alios BioPharma Inc” target=”_blank”>Alios BioPharma develops therapies for the treatment of viral diseases.

The company will now be included in the infectious diseases therapeutic area of the Janssen Pharmaceutical companies of J&J.

Johnson & Johnson chief scientific officer Paul Stoffels said: "The acquisition of Alios BioPharma Inc” target=”_blank”>Alios BioPharma further reflects our commitment to bringing together the best science from around the globe to address significant unmet need.

"Together we will further strengthen Janssen’s infectious diseases pipeline to address the needs of patients and families affected by some of the world’s most devastating diseases."

As part of the deal, J&J acquired Alios ‘ therapeutics portfolio, including the compound AL-8176.

"Alios is currently carrying out Phase II trials of AL-8176 to treat infants with respiratory syncytial virus (RSV)."

Alios is currently carrying out Phase II trials of AL-8176 to treat infants with respiratory syncytial virus (RSV).

In addition, the acquisition includes two early-stage compounds for hepatitis C (HCV), which will expand Janssen’s HCV portfolio.

The discovery and development platform of Alios includes a chemical library of nucleoside analogs, as well as virology-based screening systems.

The firm is developing therapeutics for viral infections, which are caused by RSV, influenza, rhinovirus, coronavirus and HCV.


Image: Johnson & Johnson headquarters in New Brunswick, New Jersey. Photo: courtesy of Nikopoley.

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How is the Biopharmaceutical industry evolving?

2021 was a year of continued innovation and change in the Biopharmaceutical industry. As the COVID-19 pandemic continues to take its toll on businesses worldwide, it’s time to look for new ways to create value, prepare for the future, and remain competitive in the ever-changing landscape. GlobalData’s expansive report examines the business environment and trends that shape the Biopharmaceutical industry. We highlight the most impactful emerging technologies, as well as the industry, regulatory, and macroeconomic factors that influence growth prospects. Access the report to:
  • Benchmark the impact of major themes on the Biopharmaceutical industry.
  • Gain a deeper "on the ground" perspective through exclusive opinions and analysis from industry respondents.
  • Evaluate the effects of COVID-19 on the sector.
Download the full report to understand what to expect and how to align your strategies for success.
by GlobalData
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