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J & J; buys $1B Elan Stake, Gains Alzheimer’s R

July 1, 2009

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Johnson & Johnson has agreed to pay $1 billion for an 18.4% stake in Irish drugmaker Elan Corp, and will acquire most of the rights to Elan’s portfolio of experimental drugs to treat Alzheimer’s disease.

*For more on this story,

read the full Reuters article.

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