Johnson & Johnson Buying Alios

Johnson & Johnson is buying the biopharmaceutical company Alios BioPharma Inc. for about $1.75 billion.

NEW BRUNSWICK, N.J. (AP) — Johnson & Johnson is buying the biopharmaceutical company Alios BioPharma Inc. for about $1.75 billion.

Alios is a privately held company that focuses on developing therapies for viral diseases.

The deal includes Alios' portfolio of potential therapeutics for viral infections including compound AL-8176, an orally administered antiviral therapy currently in Phase 2 studies for the treatment of infants with respiratory syncytial virus. RSV typically causes only mild, cold-like symptoms in most children. But it is also the most common cause of pneumonia in U.S. infants.

The acquisition is targeted to close in the fourth quarter.

Johnson & Johnson is based in New Brunswick, New Jersey.


More from MBTMag.com

Lenovo Plans Expansion After IBM Acquisition

Safety Agency Monitoring Toyota Acceleration Problem

Recipients Of $450M Job-Driven Training Grants Announced

Explore more news here.

More in Operations