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J&J completes $19.7 billion Synthes purchase. ReVision Optics’ PresbyLens presbyopia trial update. Mindray gains controlling stake in Dragonbio. More news briefs.

Johnson & Johnson finalized its $19.7 billion acquisition of Synthes Inc. on June 14, clearing the way for integration of the orthopedic device maker with J&J’s DePuy orthopedic unit. The purchase agreement, aimed at making J&J the overall market share leader in the orthopedics space, was announced in April 2011. (See Also see "J&J Doubles Down On Orthopedics With Synthes Deal; Takes Lead In Trauma" - Medtech Insight, 2 May, 2011..) In April 2012, J&J entered into an agreement to divest DePuy’s trauma business to Biomet for $280 million to satisfy antitrust concerns associated with the Synthes deal. (See Also see "Biomet Offers $280 Mil. For J&J’s DePuy Trauma Biz; Bid Facilitates Synthes Deal" - Medtech Insight, 9 April, 2012..) The Synthes transaction gained U.S. Federal Trade Commission consent on June 11, contingent upon divestiture of DePuy trauma assets. The European commission granted its antitrust approval April 19. Under the terms of the deal, each share of Synthes will be exchanged for $58.51 in cash (at current exchange rates) and 1.717 shares of J&J stock.

At the time the Synthes deal was announced last year, it was valued by J&J at $21.3 billion, slightly higher...

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