Johnson & Johnson to Buy Scios for $2.4 Billion

(Sunnyvale, CA, USA) a biopharmaceutical company, for about US$2.4 billion. Johnson & Johnson is a manufacturer of a wide range of health-care products.

Scios' Natrecor is the first new agent approved for congestive heart failure (CHF) in more than a decade. Natrecor is a recombinant form of a B-type natriuretic peptide secreted by the heart as part of the body's response to CHF and has several significant advantages over existing therapies. The principal focus of Scios' research program is small molecule inhibitors. The program includes several potential new treatments for pain and inflammation, including an advanced p-38 kinase inhibitor.

"Scios strengthens our growing cardiovascular franchise and broadens our pipeline with several potential new chemical entities,” said Christine Poon, worldwide chairman, Pharmaceuticals Group, Johnson & Johnson. "Natrecor is a truly unique product for a largely underserved and growing market. Scios also brings an advanced research program on kinase inhibitors, which is an exciting new area of research.”




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