Johnson & Johnson to Acquire Intra-Cellular Therapies for $14.6 Billion at $132 Per Share, Marking Largest Biotech Deal in Over a Year

Jan 13, 2025, 02:49 PM

Johnson & Johnson has agreed to acquire Intra-Cellular Therapies Inc. for approximately $14.6 billion, marking the largest biotech deal in over a year. The acquisition, announced at the J.P. Morgan Healthcare Conference, involves a purchase price of $132 per share. Intra-Cellular, co-founded by Sharon Mates in 2002, is known for its drug Caplyta, which received FDA approval in December 2019. The deal comes amidst a flurry of biotech acquisitions, with Eli Lilly and GSK also announcing significant purchases of Scorpion Therapeutics and IDRx, respectively, during the same conference.