Biotech Values

[DewDiligence]

JNJ is breaking bones in China?

http://www.bloomberg.com/news/2014-05-22/j-j-boosts-medical-device-business-in-china-as-sales-rise.html

Johnson & Johnson…is bolstering its medical device presence in China… J&J built a manufacturing plant in Suzhou and conducted clinical trials with the plates and screws for broken bones that it produced, said Michel Orsinger, worldwide chairman of J&J’s global orthopedics group. The devices will be introduced this year as local products, generating higher reimbursement from the government, he said.

Without those broken bones JNJ produced, I suppose it would hard to enroll the clinical trials :- )

On a serious note, JNJ’s sales of medical devices in China grew 18% YoY in 2013 to $1.4B.