Friday, 11 November 2016
J&J to create new Texas center to develop ‘breakthrough’ med tech
Johnson & Johnson is pulling out all the stops in its efforts to turn around its medical devices business. After a restructuring early this year, the J&J medical device business actually grew--albeit only by 0.7%--to $6.2 billion last quarter.
The pharma's arm that invests in new technology, Johnson & Johnson Innovation (JJI), is doing its bit to try to help encourage the success of those efforts in the long term. It’s creating the new Center for Device Innovation at the Texas Medical Center (TMC) in Houston, which is intended to enable the entire process of creating “breakthrough” medical devices, the company said.