FDA official announcements or Intra-Cellular Therapies' press releases

Johnson & Johnson to Acquire Intra-Cellular Therapies for $14.6 Billion, Bolstering Neuroscience Portfolio with Caplyta

Jan 13, 2025, 12:19 PM

Johnson & Johnson has agreed to acquire Intra-Cellular Therapies for $14.6 billion in cash, or $132 per share. The deal, announced on the first day of the J.P. Morgan Healthcare Conference, aims to bolster Johnson & Johnson's neuroscience portfolio with Intra-Cellular's Caplyta, a drug approved for treating schizophrenia and bipolar depression. Intra-Cellular recently filed for an expanded approval of Caplyta to treat major depressive disorder, which could significantly increase its market potential. The acquisition also includes ITI-1284, a drug in Phase 2 testing for generalized anxiety disorder and Alzheimer's-related conditions. Johnson & Johnson plans to fund the acquisition through cash on hand and debt, with the deal expected to close later in 2025, subject to regulatory approvals.