Johnson & Johnson in early talks to buy drugmaker Actelion

Markets Associated Press

Johnson & Johnson is in early talks to buy the Swiss drugmaker Actelion Pharmaceuticals.

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Actelion Pharmaceuticals Ltd. makes high blood pressure medicines that treat arteries in the lung and around the heart. Johnson & Johnson of New Brunkswick, New Jersey, develops drugs and manufactures medical devices and other consumer products.

Shares of Johnson & Johnson rose 93 cents to $114 in afternoon trading Friday.