J&J continues opposition to Merck/S-P merger
In arbitration filed with the American Arbitration Association, US health care major Johnson & Johnson has requested a ruling that the planned merger of Merck & Co and Schering-Plough constitutes a change of control that would permit the termination of the agreements between S-P and J&J regarding Remicade (infliximab) and Simponi (golimumab).
The termination of the agreements would return full rights to Johnson & Johnson for the distribution of these products in markets outside the USA, where Schering-Plough currently distributes them.
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