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EX-99.1 - JANSSEN PHARMACEUTICALS, INC. PRESS RELEASE RE: DIVESTITURE OF ORTHO DERMATOLOGICS DIVISION - JOHNSON & JOHNSONorthodermpressrelease.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549


FORM 8-K


CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
 
Date of report (Date of earliest event reported):  July 15, 2011


(Exact name of registrant as specified in its charter)


New Jersey
I-3215
22-1024240
(State or Other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)


One Johnson & Johnson Plaza, New Brunswick, New Jersey  08933
(Address of Principal Executive Offices) (Zip Code)

Registrant’s telephone number, including area code:  732-524-0400

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 

o           Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o           Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o           Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o           Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 
 

 


Item 8.01  Other Events.

On July 15, 2011, the Company's subsidiary, Janssen Pharmaceuticals, Inc., announced a definitive agreement to divest the assets of its Ortho Dermatologics division in the U.S. to subsidiaries of Valeant Pharmaceuticals International, Inc. for approximately $345 million in cash. The related press release dated July 15, 2011 is attached as Exhibit 99.1 to this Report.


Item 9.01  Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.                      Description

99.1                      Johnson & Johnson press release dated July 15, 2011.



SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 
Johnson & Johnson
 
   
 (Registrant)
 
 
 
 
Date:  July 19, 2011
By:
/S/  DOUGLAS K. CHIA
 
   
Douglas K. Chia
 
   
Secretary