J&J ups the ante in battle for Remicade and Simponi

Source EP Vantage
Company Johnson & Johnson, Merck & Co, Schering-Plough 
Date May 28, 2009

Johnson & Johnson has fired its first shot across the bows of Schering-Plough in the war for control of Remicade and Simponi. The group has filed for arbitration to end its partnership with Schering, claiming that Schering's reverse merger with Merck & Co constitutes a change of control.

This decision by J&J is understandable, and as previously pointed out by EP Vantage (Nothing ventured, nothing gained for J&J, May 21, 2009) out of the two groups J&J has the least to lose. If it does not succeed in getting full control of Remicade and Simponi, the only thing it will have to do is pay its lawyers and continue to enjoy the already lucrative existing deal terms.

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