J&J Buys $1 Bln Elan Stake, Gains Alzheimer's R&D - Congoo

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J&J buys $1 bln Elan stake, gains Alzheimer's R&D

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Reuters Health | July 03, 2009

* J&J buys 18.4 pct stake in Elan for $1 bln * U.S. group takes over interest in Alzheimer's program * Relationship with Wyeth to continue * Elan shares rise 10.7 pct; J&J falls 1.7 pct BOSTON (Reuters) - Johnson & Johnson has agreed to pay $1 billion for an 18.4 percent stake in Irish d...

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