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Johnson & Johnson
Drug Names(s): Yellow Fever vaccine (CRXL)
Description: Crucell is developing Flavimun, a live, attenuated yellow fever (YF) vaccine of the 17D strain, based on the know how of the well-established vaccine formerly produced by the Robert Koch institute in Germany.
Deal Structure: Flavimun was originally developed by Berna Biotech.
In February 2006, Crucell acquired Berna.
In October 2010, Johnson & Johnson and Crucell announced an agreement whereby Johnson & Johnson, through an affiliate, would acquire all outstanding equity of Crucell that it does not already own for approximately Euro 1.75 billion in a recommended cash tender offer. The acquisition was declared unconditional and completed in February 2011.
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