J&J Opens Development Center in China
From Associated Press (June 22, 2011)
Health care giant Johnson & Johnson said Wednesday that it has opened a center in Suzhou, China, to develop medical devices and diagnostic products for emerging markets in Asia.
The New Brunswick, N.J., company said the Johnson & Johnson Medical Companies Asia Pacific Innovation Center will focus mainly on products for China and India, two countries that are seeing increases in chronic conditions like cardiovascular disease, diabetes, obesity and cancer.
J&J said its companies have been operating in India for more than 50 years and in China for nearly 30. The center will focus on making medical devices better suited to the needs of Asian care providers and patients. J&J said that might involve focusing on specific disease states prevalent in that area or developing simplified instruments better suited for "a rural health setting."
Company shares fell 42 cents to close at $66.07.
Posted: June 2011