• Winter Storm Watch - Click for Details
    ...WINTER STORM WATCH IN EFFECT FROM WEDNESDAY MORNING THROUGH LATE WEDNESDAY NIGHT...
    Effective: February 12, 2025 @ 6:00am
    Expires: February 13, 2025 @ 3:00am
    WHAT
    Heavy snow possible. Total snow accumulations between 6 and 8 inches possible.
    WHERE
    Portions of north central, northwest, and west central Illinois and east central, northeast, and southeast Iowa.
    WHEN
    From Wednesday morning through late Wednesday night.
    IMPACTS
    Travel could be very difficult. The hazardous conditions could impact the Wednesday morning and evening commutes.
    ADDITIONAL DETAILS
    North winds 10 to 15 mph, with gusts up 25 mph may cause some blowing and drifting snow, especially on east-west roads.
    PRECAUTIONARY/PREPAREDNESS ACTIONS
    Monitor the latest forecasts for updates on this situation.

J&J to buy Intra-Cellular Therapies for $14.6 billion

SHARE NOW

(Reuters) – Johnson & Johnson said on Monday it would buy drugmaker Intra-Cellular Therapies for about $14.6 billion, boosting its presence in the market for neurological disorder treatments.

J&J will buy all of Intra-Cellular’s shares for $132 apiece, representing a 39% premium to their Friday closing price.

Shares of Intra-Cellular rose 35% to $128 in premarket trading.

The deal is the latest in a string of acquisitions by J&J as it looks to drive growth beyond 2025, when its blockbuster psoriasis drug Stelara could face competition from as many as six biosimilar versions in the U.S.

Last year, J&J acquired Numab’s skin disorder drug for $1.25 billion, and spent $850 million to buy drug developer Proteologix. It also acquired heart device maker Shockwave Medical in a $13.1 billion deal, and took over V-Wave for $1.7 billion to help bolster growth at its medical device business.

(Reporting by Puyaan Singh and Bhanvi Satija in Bengaluru; Editing by Shilpi Majumdar)

Brought to you by www.srnnews.com

Submit a Comment