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Mergers & Acquisitions

Mar. 4, 2003

Johnson & Johnson Will Buy Biotech Firm

Johnson & Johnson has agreed to buy Sunnyvale's Scios Inc. for $2.4 billion in cash to enhance its biotechnology arsenal. Silicon Valley partner Christopher Kaufman of Latham & Watkins is advising Scios, a 22-year-old biotech company traded on Nasdaq.

By Toni Vranjes
        Johnson & Johnson has agreed to buy Sunnyvale's Scios Inc. for $2.4 billion in cash to enhance its biotechnology arsenal.
        Silicon Valley partner Christopher Kaufman of Latham & Watkins is advising Scios, a 22-year-old biotech company traded on Nasdaq.
     &nb...

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