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Patent Law

: Patent Docs

King Pharmaceuticals and Johnson & Johnson Announce Acquisitions

By Donald Zuhn, Kevin Noonan, Chris Singer, Sherri Oslick, and Jason Derry

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By Jason Derry -- King Pharmaceuticals, Inc. has announced that it will purchase Alpharma Inc. for about $1.6 billion in cash. King had been trying to convince Alpharma to accept an offer for the past couple of months (see "King Pharmaceuticals Extends Tender Offer to Acquire Alpharma"). Alpharma has two marketed pain killer products, KADIAN (an extended-release morphine painkiller) and FLECTOR (an NSAID patch product), as well as a line of products for animal health. Alpharma also has an abuse-resistant morphine pill that is currently under FDA review. These products and other product candidates complement King's portfolio of pain management...

Full post as published by Patent Docs on November 25, 2008 (boomark / email).

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