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J&J China Enters Medical Device Market With Bioseal Buy

Law360, New York (May 2, 2012, 6:48 PM EDT) -- In its first acquisition in the medical device industry, Johnson & Johnson (China) Investment Ltd. scooped up a Chinese biopharmaceutical company that makes a protein sealant used to control bleeding during surgery, the health care giant announced Wednesday.

The deal gives New Jersey-based Johnson & Johnson the privately held Guangzhou Bioseal Biotech Co. Ltd., headquartered in China's Guangdong province, according to a statement Johnson & Johnson issued Wednesday.

The buyer did not disclose the terms of the deal. Representatives for the parties were not immediately available...
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