Archive for the ‘Johnson & Johnson’ Category

Facebook Forces Pharmaceuticals Out Into the Open

Riley Kennysmith | August 17, 2011 | 411 views | Add a Comment
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Most pharmaceutical companies don’t let the general public post on their pages’ Facebook walls, and in fact didn’t join the social network until they were given permission to block those posts. Facebook is changing policies now, though, and forcing the companies to have open walls for Facebook users to post comments. The Washington Post reports that AstraZeneca and Johnson & Johnson have already shut down pages that they fear will not benefit from the open wall policy, as posts from users describing adverse side effects or negative experiences might hurt business or create legal difficulties.

Johnson & Johnson Acquiring Medical Devices Company Synthes Inc. For $21.6 Billion

Amit Chowdhry | April 27, 2011 | 789 views | Add a Comment
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Johnson & Johnson (NYSE:JNJ) is buying Swiss medical devices company Synthes Inc. for 19 billion francs (U.S. $21.6 billion). This is J&J’s largest acquisition, giving them a boost in the orthopedic market. J&J will be paying 159 Swiss francs in cash and stock for each share of Synthes. This is an 8.5% premium on Synthes’ closing share price as of Tuesday. The acquisition is likely to be closed in the first half of 2012. Synthes posted $3.7 billion in 2010 revenues. Synthes is best known for making nails, screws, plates, and artificial spine discs for broken bones. The deal was approved by the Wyss family, who owns 40% of Synthes.

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