Tuesday, July 17, 2012, 8:12 AM
More on J&J's (JNJ) Q2: Net profit falls to $1.41B from $2.78B; Q2 2012 includes special items of $2.2B, comprising a write-down related to J&J's Crucell (CRXL) vaccine ops, provision for litigation, costs connected to Synthes acquisition. Cuts 2012 EPS outlook to $5.00-$5.07 from up to $5.17. Consensus is $5.14. Shares -1.4%. (PR)
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Friday, December 10, 2010, 11:44 AM
Crucell (CRXL) CEO Robert Brus works to put down a rebellion by big shareholders - including 10% holder Van Herk Groep - saying that accepting a €1.75B bid from Johnson & Johnson (JNJ) means funded research and preserving the company's identity as a vaccines center within JNJ. Opponents say €24.75/share is too low and the product pipeline will yield strong results over five to eight years.
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Wednesday, December 8, 2010, 8:02 AM
J&J (JNJ) formally launches its €1.75B ($2.3B) bid for Crucell (CRXL), despite objections from some of Crucell's shareholders. J&J wants control of Crucell's vaccine pipeline at a time when vaccine sales are outstripping those of prescription drugs and face less competition from generics. (previously)
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Wednesday, October 6, 2010, 7:31 AM
J&J (JNJ) and Crucell (CRXL +0.75%) agree to move forward with J&J's ~€1.75B offer for the shares of the Dutch biotech firm it doesn't already own, despite some shareholder objections. J&J will get control of Crucell's vaccine pipeline at a time when vaccine sales are outstripping those of prescription drugs and face less competition from generics.
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Friday, September 17, 2010, 7:31 AM
J&J (JNJ) is in advanced talks to buy the shares of Crucell (CRXL) it doesn't already own for around €1.75B ($2.3B) in cash, or €24.75/share. The offer is a 58% premium to Crucell's closing price yesterday in Amsterdam. Premarket: CRXL +54%. (PR)
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Monday, February 2, 2009, 10:46 AM
Sanofi-aventis's (SNY) new CEO Chris Viehbacher says he's a buyer, and has held talks with bankers regarding funding. Possible targets include Bristol-Myers (BMY), Amgen (AMGN), Biogen Idec (BIIB) and Crucell (CRXL).
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Monday, January 26, 2009, 9:00 AM
Premarket losers: ROH -16%. CRXL -15%. CAT -7%. TEX -7%. DE -5%. PFE -4%. KMB -3%. FCX -3%.
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Thursday, January 8, 2009, 7:26 AM
Wyeth (WYE) is in talks to buy Dutch vaccine maker Crucell (CRXL), part of its efforts to gain market share in one of the fastest growing parts of the industry. Sources say a deal valuing Crucell at over €1B ($1.35B) could be reached as early as next week.
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