Diamyd and Ortho-McNeil-Janssen Pharmaceuticals Agreement Receives Antitrust Clearance

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Diamyd Medical AB announced it has received antitrust clearance that closes the transaction announced on June 22, 2010 with Ortho-McNeil-Janssen Pharmaceuticals, Inc. (OMJPI), a Johnson & Johnson company.

The US Federal Trade Commission’s clearance under the Hart-Scott-Rodino Anti-Trust Improvements Act is regarding the agreement between Diamyd and OMJPI for development and world-wide commercialization of the GAD65 antigen-based therapy for the treatment and prevention of type 1 diabetes and associated conditions.

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