Actelion chief seeks 'nirvana state' of better PAH diagnoses

26 September 2018

In the context of a competitive, some say overheated, market for mergers and acquisitions, Johnson & Johnson’s (NYSE: JNJ) $30 billion purchase of Swiss biotech Actelion could be seen as a value-destructive move for shareholders.

Particularly as the firm’s founder and chief executive, Jean-Paul Clozel, walked away with “a rich collection of compounds” at the heart of a new company, Idorsia (SIX: IDIA).

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