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September 1999

This Is No Fish Story

The tale of Centocor is the latest reminder that the road to biotech success is seldom straight. Despite the best business plans, something keeps getting in the way. It's called biology.

By Stephen S. Hall

When big fish Johnson & Johnson announced plans to swallow little fish Centocor in July, it was more than just a typical transaction in biotechnology's food chain. It marked, at least indirectly, the latest chapter in one of biotech's most intriguing and edifying shaggy-dog stories.

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