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Biotech / Medical : Pharma News Only (pfe,mrk,wla, sgp, ahp, bmy, lly) -- Ignore unavailable to you. Want to Upgrade?


To: Anthony Wong who wrote (857)10/5/1998 12:52:00 PM
From: aknahow  Read Replies (1) | Respond to of 1722
 
Nice article on Merck page 78 of Oct. 12 Business Week. Don't know if you have already posted this. Believe it is probably online and free.



To: Anthony Wong who wrote (857)10/5/1998 9:03:00 PM
From: Anthony Wong  Respond to of 1722
 
Johnson & Johnson Rated New 'Market Perform' at J.P. Morgan

Bloomberg News
October 5, 1998, 9:39 a.m. ET

Princeton, New Jersey, Oct. 5 (Bloomberg Data) -- Johnson & Johnson (JNJ
US) was rated ''market perform'' in new coverage by analyst Michael N.
Weinstein at J.P. Morgan Securities.

-- Michael Donohue in Princeton, New Jersey, (609)279-3156



To: Anthony Wong who wrote (857)10/5/1998 9:06:00 PM
From: Anthony Wong  Read Replies (1) | Respond to of 1722
 
J&J to Buy FemRx for $22 Mln for Gynecology Line

Bloomberg News
October 5, 1998, 5:09 p.m. ET

J&J to Buy FemRx for $22 Mln for Gynecology Line

New Brunswick, New Jersey, Oct. 5 (Bloomberg) -- Johnson &
Johnson said it will buy FemRx Inc., a maker of medical products
for diagnosing and treating gynecological disorders, for about
$22 million in cash to bolster its women's health-products line.

Johnson & Johnson, the world's fifth-largest drugmaker and
one of the biggest makers of medical devices, said it will pay
about $2.35 a share for FemRx, a 30 percent premium to FemRx's
closing price of 1 13/16 on Friday. Shares of FemRx rose 3/8 to
2 3/16 today.

Johnson & Johnson said it will soon start a tender offer for
all of FemRx's 9.4 million common shares and equivalents.

Sunnyvale, California-based FemRx makes surgical systems
that provide alternatives to a hysterectomy, surgery to remove a
woman's uterus. New Brunswick, New Jersey-based Johnson & Johnson
will add FemRx to its Ethicon division, which makes medical
supplies including products that help treat female infertility,
uterine problems and incontinence.

Shares of Johnson & Johnson rose 2 5/16 to 79 7/16.

--Marion Gammill in the Princeton newsroom (609) 279-4097/rjb/gfh