What Does The Johnson & Johnson/Achillion Deal Mean For HCV Competitors?

On Tuesdady, Johnson & Johnson JNJ 1.04% and Achillion Pharmaceuticals, Inc. ACHN 1.32% announced this week that they are entering into a collaboration agreement to develop one or more of Achillion’s lead hepatitis C virus (HCV) treatments, including ACH-3102, ACH-3422 and sovaprevir.

Shares of Achillion fell nearly 15 percent on Wednesday as shareholders were disappointed by the terms of the deal.

Deutsche Bank analysts released a report on Tuesday breaking down the deal and what it means for other players in the HCV space. Here’s what they had to say.

Impact On Other HCV Names

According to the report, Deutsche Bank is not making any changes to its forecasts for Gilead Sciences, Inc. GILD 0.44% or AbbVie Inc ABBV 0.26% based on the Johnson & Johnson/Achillion deal. Deutsche Bank already accounted for competition in their models for the two stocks, and stated that “this deal does not change our numbers.”

Market Share Projections

Deutsche Bank is projecting long-term market share in the HCV market of…

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