J&J (Johnson & Johnson) to pay $370m for sealant firm Closure Medical
This article was originally published in Clinica
Executive Summary
Johnson & Johnson has agreed to pay $370m in cash to acquire Closure Medical, a firm specialising in wound closure that has worked with J&J's Ethicon business for nearly 10 years. Raleigh, North Carolina-based Closure Medical's cyanoacrylate technology is already used in products marketed by Ethicon, including Dermabond skin adhesive and Band-Aid liquid bandages.