The unit will be spun out into a standalone company based and listed in Switzerland and will be led by Actelion Chief Executive and founder Jean-Paul Clozel, with Johnson & Johnson taking a 16 percent stake with rights to another 16 percent via a convertible note.
(Reporting by John Revill)Actelion says R&D company will launch with 1 billion Swiss francs cash
© Christian Hartmann / Reuters
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