Centocor acquires RespiVert from Advent
Advent Venture Partners and other investors have sold their stakes in drug discovery company RespiVert.
The UK-based company was bought by Centocor Ortho Biotech Inc., a subsidiary of Johnson & Johnson.
Its current products include RV-568 and RV-1088, which are anti-inflammatory drugs used to treat moderate to severe asthma. Currently both medications are undergoing clinical trials. RespiVert was originally financed by Advent Venture Partners, Fidelity Biosciences, Imperial Innovations and SV Life Sciences.
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